its price list. The most popular requirement is for a folded leaflet made from a single sheet of A4 paper. From past records and budgeted figures, the following data have been estimated for a typical batch of 12,000 leaflets. Artwork GH¢ 130 Machine setting 8 hours at GH¢ 44 per hour Paper GH¢ 25 per 2,000 sheets Ink and consumables GH¢ 40 Printers wages 8 hours at GH¢ 16 per hour General fixed overheads are GH¢ 30,000 per period during which a total of 600 labour hours are expected to be worked. The firm wishes to achieve 30% profit on sales. Required i. Calculate the bato cost i. Calculate the selling price per thousand leaflets for quantities of 12,000 and 24,000 leaflets. ii. Calculate the profit for the period if 64 batches of 12,000 and 36 batches of 24,000 were sold and costs and revenues were as budgeted.

its price list. The most popular requirement is for a folded leaflet made from a single sheet of A4 paper. From past records and budgeted figures, the following data have been estimated for a typical batch of 12,000 leaflets. Artwork GH¢ 130 Machine setting 8 hours at GH¢ 44 per hour Paper GH¢ 25 per 2,000 sheets Ink and consumables GH¢ 40 Printers wages 8 hours at GH¢ 16 per hour General fixed overheads are GH¢ 30,000 per period during which a total of 600 labour hours are expected to be worked. The firm wishes to achieve 30% profit on sales. Required i. Calculate the bato cost i. Calculate the selling price per thousand leaflets for quantities of 12,000 and 24,000 leaflets. ii. Calculate the profit for the period if 64 batches of 12,000 and 36 batches of 24,000 were sold and costs and revenues were as budgeted.

Name: 1. A company specialises in printing advertising leaflets and is in-t
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: 1. A company specialises in printing advertising leaflets and is in-the-process of preparingits price list. The most popular requirement is for a folded leaflet made from a singlesheet of A4 paper. From past records and budgeted figures, the followi

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Make-or-Buy Decision Wisconsin Arts of Milwaukee employs five people in its Publication Department. These people lay out pages for pamphlets, brochures, and other publications for the production. The pages are delivered to an outside company for printing. The company is considering an outside publication service for the layout work. The outside service is quoting a price of $20.00 per layout page. The budget for the Publication Department is as follows: Salaries $180,000 Benefits 52,000 Supplies 34,000 Office expenses 21,000 Office depreciation 60,300 Computer depreciation 40,200 Total $387,500 The department expects to lay out 33,500 pages. The computers used by the department have an estimated residual value of $26,800. The Publication Department office space would be used for future administrative needs if the department's function were purchased from the outside. a. Prepare a differential analysis report for the make-or-buy decision, considering the…
hello!! please help! I think this is right
You have collected the standard cost card for one unit of the ‘Zeus’ which was in operation in the just ended period, details of which follow below: K Materials 7kg at K35.00 245.00 Labour 20 hours at K12.00 240.00 Variable overheads 20 hours at K8.00 160.00 Fixed overheads 20 hours at K15.00 300.00 945.00 Selling price 1,500.00 Profit…
ll.2
ion 1 enny's direct material cost is $5 per unit. The direct labor rate is $19 per hour and each units takes 2 hours to produce. Variable manufacturing overhead is $5 per unit and total budgeted fixed overhead is $6000. A sales commission of $3 is paid on each unit. If Penny expects to produce 3900 units and sell 1400 units, what is The budget cost of goods sold per unit? Round your answer to the nearest 2 decimal places 200-2 Question 1 of 5
Channel Computer budgeted the following manufacturing costs for 50,000 computers: Fixed manufacturing costs Php 200,000 per month Variable manufacturing costs Php 32.00 per unit The total manufacturing cost for 50,000 computers is as follows: Variable manufacturing cost (50,000 x P32 ) Php 1,600,000 Fixed manufacturing cost 200.000 Total Php 1,480.000 Channel Computers produced 40.000 computers during March. How much are budgeted total manufacturing costs in March?
How much is the over/underapplied FOH? Indicate whether over/underapplied. Ex. 123456 Overapplied or 123456 Underapplied A company manufactures plastic products for the home and restaurant market. The company also does contract work for other customers and utilizes a job order costing system. The flexible budget covering next years' expected range of activity is: 50,000 40,000 80,000 64,000 P100,000 P160,000 P220,000 150,000 Р250,000 Р310,000 Р370,000 Direct Labor Hours 110,000 88,000 Machine Hours Variable OH Costs Fixed OH Costs 150,000 150,000 Total OH Costs A predetermined overhead rate is based on direct labor hours is used to apply total overhead. Management has estimated that 100,000 direct labor hours will be used next year. At the end of the year, actual direct labor hours for the year were 112,375 hours and the actual manufacturing overhead for the year was P412,525.
Blue Spruce Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Blue Spruce. Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead (a) Total budgeted costs Compute the rate charged per hour of labor. Time Charges $202,800 Labor rate $ 39,000 7,800 $249,600 The company desires a $39 profit margin per hour of labor and a 28% profit margin on parts. It has budgeted for 7,800 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2022 will be $416,000. Material Loading Charges per hour $39,300 14,780 29,120 $83,200
Mi.2
Jackson Company manufactures computer keyboards. The budgeted sales price is $60 per keyboard, the variable costs are $28 per keyboard, and budgeted fixed costs are $13,000. What is the budgeted operating income for 2,000 keyboards? OA. $58,000 OB. $51,000 OC. $67,000 OD. $64,000
6. Dauber Inc. budgeted production of 33,000 personal journals in 20Y6. Each journal requires assembly. Assume that four minutes are required to assemble each journal. If assembly labor costs $16.25 per hour, determine the direct labor cost budget for 20Y6. Do not round your intermediate calculations but, if required, round your final answer to the nearest dollar. $______
Wongtien Electronics Corp. in Hong Kong, SAR, China, manufactures tablets, laptops and desktop PCs. Wongtien currently operates a standard absorption costing system. Budgeted information for next year is given below (currency in one thousand Hong Kong Dollars, HK$000): Products Tablets Laptops Desktop PCs Total Sales revenue 3,640 12,480 9,880 26,000 Direct material 800 2,800 2,200 5,800 Direct labor 300 1,200 800 2,300 Fixed production- overheads 1,456 4,992 3,952 10,400 Gross profit 1,084 3,488 2,928 7,500 Fixed production overheads are currently absorbed based on a percentage of sales revenue. Wongtien is considering changing to an…