If economic order quantity is 1,500 units and consumption in units for one year are 15,000 units, then number of orders in a year will be: a. 6 orders b. 10 orders c. 5 orders d. 12 orders
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- A10 please help.....CHAPTER 11 PRODUCT PRICING AND PROFIT ANALYSIS 558 41. Casablanca, Inc., has a practical production capacity of two million units, the current year's budget was based on the production and sales of 1.4 million units during the cur- rent year. Actual statistics came out to be: production of 1.44 million units and sales of 1.2 million.. Selling price is at P20 each and the contribution margin ratio is 30%. The peso value that best quantifies the marketing division's failure to achieve budgeted performance for the current year is P4,800,000 unfavorable b. P4,000,000 unfavorable а. P1,440,000 unfavorable d. P1,200,000 unfavorable С. (грера) 42. The differences between the master budget amounts and the amounts in the flexible budget are due to Activity level variances. b. Gaps in affectivity. a. с. Favorable variances. d. Unfavorable variances. (грсра)Week 11 Absorption Costing & Marginal Costing Profit Statement Answer all questions Fantasia Berhad plans to manufacture a new product next month. The expected average monthly sales and production volumes are 3,000 units. Budgeted cost per unit of a product based on the average monthly production volume is as follows: Direct material Direct labour (RM16 per hour) Variable production overhead RM 110 Required: 48 Other information are as follows: Selling Price per unit Variable selling and administration overhead Fixed selling and administration overhead Fixed production overhead Additional information: i. Fixed selling and administration overhead is to be treated as period cost in the monthly Income Statement. b. 24 182 ii. The budgeted production for the first month is 3,720 units but only 2,680 units are expected to be sold. RM400 10% of selling price RM168,000 per month RM126,000 per month Prepare the Statement of Profit or Loss of Fantasia Berhad for the first month using the…
- Question 5.1 Stark and Company would like to evaluate one of the product lines that they sell to the defense department. Every month the Stark and Company produce an identical number of units, although the sales in units differ from month to month. Selling price Units in beginning inventory $105 110 Units produced 6,400 Units sold 6,100 Units in ending inventory Variable costs per unit: 410 Direct materials $62 Direct labour $48 Variable manufacturing overhead Variable selling and administrative Fixed costs: $3 $7 Fixed manufacturing overhead Fixed selling and administrative $64,000 $35,600 Submission Instructions: 1. Under variable costing, identify the unit product cost for the month. 2. What is the unit product cost for the month under absorption costing? 3. Prepare an income statement for the month using the contribution format and the variable costing method. 4. Prepare an income statement for the month using the absorption costing method.QUESTION 2 2.1 REQUIRED Use the information provided below to prepare the performance report for Lonmin Limited. INFORMATION Lonmin Ltd manufactures a single product. It originally planned to produce and sell 18 000 units during the year but the actual activity level was 22 000 units. The budgeted and actual income and cost for the year are as follows: Original Budget Actual results Volume 18 000 units 22 000 units R Sales 2 520 000 3 300 000 Cost of sales (1 670 000) (2 132 000) Direct Materials 720 000 924 000 Direct labour 450 000 594 000 Variable overheads 180 000 264 000 Fixed overheads 320 000 350 000 Gross Profit 850 000 1 168 000Producers' Surplus The demand function for a certain brand of CD is given by p = -0.01x2 -0.2x + 19 where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. The supply function is given by p = 0.01x² + 1.1x +4 where p is the unit price in dollars and x stands for the quantity that will be made available in the market by the supplier, measured in units of a thousand. Determine the producers' surplus if the market price is set at the equilibrium price. (Round your answer to the nearest dollar.) $ Need Help? Read It Submit Answer
- Exercise 6 DSD Ltd has budgeted to produce 7 500 units of D. For each unit of D, three units D1 (one of the components of D) is required. The ordering cost per order of D1 is R23 and the carrying cost is as follows: Insurance: 2% of stock value Lost interest: 2% of stock value Cost per unit of D1 is R7.50 Calculate the EOQAssume o company's budgeted unit sales and its required production in units for July ore 80.000 units and 78.000 units, respectively. The budgeted direct labor wage rate is $16.50 per hour. The company's total budgeted direct labor cost for July is $1,608.750. What is the budgeted direct lobor-hours required per units Multiple Choice ο ο ο ο 1.35 hours 1.32 hours 1.22 hours 1.25 hoursExercise 18-13 (Algo) Computing sales to achieve target income LO C2 Sunn Company manufactures a single product that sells for $145 per unit and whose variable costs are $87 per unit. The company's annual fixed costs are $916,400. Management targets an annual income of $1,450,000. (1) Compute the unit sales to earn the target income. Numerator: 1 1 Denominator: (2) Compute the dollar sales to earn the target income. Numerator: 1 1 Denominator: = || = = || Units to Achieve Target Units to achieve target 0 Dollars to Achieve Target Dollars to achieve target 0
- Assignment 2.1 ABC Itd. Manufactures and sells four types of products under the band names of A, B, C and D. the sales mix in value comprises 33 %, 41 2 %, 162% and 8 % of A, 3 3 3 B, C and D respectively. The total budgeted sales (100%) are birr 60,000 per month. Operating costs are as follows: Variable cost: A 60% of selling price B 68% of selling price C 50% of selling price D 40% of selling price The fixed cost is birr 14,700 per month Required Compute the breakeven point for the products on an overall basisQuestion 19MC Qu. 7-70 Santa Fe Production sells a single product to Santa Fe Production sells a single product to wholesalers. The company's budget for the upcoming year revealed anticipated unit sales of 36,400, a selling price of $28, variable cost per unit of $10, and total fixed costs of $384,000. If Santa Fe’s unit sales are 300 units less than anticipated, its break-even point will: Multiple Choice increase by $18 per unit sold. decrease by $18 per unit sold. increase by $10 per unit sold. decrease by $10 per unit sold. not change.