Please solve all as they connect with each other please solve by steps to understand stand 1-Assume that an industrial company producing two products x and y with the following cost and production data Y Direct 70$ 90 $ materials per unit Direct wages 50$ 50 $ per unit Indirect ? industrial costs per unit Production 1200 8000 and sales unit unit volume Costs are charged to industrial costs on the basis of 200% of direct wages. The company also uses the + surplus model (30% of industrial costs, setting selling prices for products Required: - Determine the current selling price of each producer (x) and (y) 2- assuming the following available data on specific activities Activity Activity Producer Producer load X needs y needs rate 200 $ / prepare prepare Preparing 700 1650 Machines prepare for Operation Purchase 150 $ / 1000 1000 orders order order order issued Product 300 $/ 500 2000 cheek quality check cheek cheek Machinery 20 h/$ 8000 h 16000 h related activities Required: Determine the price at which products should be sold using the costs of activities 3- Briefly explain using the solution results in (1) and (2) the effect of product unit cost error on company profitability.

Please solve all as they connect with each other please solve by steps to understand stand 1-Assume that an industrial company producing two products x and y with the following cost and production data Y Direct 70$ 90 $ materials per unit Direct wages 50$ 50 $ per unit Indirect ? industrial costs per unit Production 1200 8000 and sales unit unit volume Costs are charged to industrial costs on the basis of 200% of direct wages. The company also uses the + surplus model (30% of industrial costs, setting selling prices for products Required: - Determine the current selling price of each producer (x) and (y) 2- assuming the following available data on specific activities Activity Activity Producer Producer load X needs y needs rate 200 $ / prepare prepare Preparing 700 1650 Machines prepare for Operation Purchase 150 $ / 1000 1000 orders order order order issued Product 300 $/ 500 2000 cheek quality check cheek cheek Machinery 20 h/$ 8000 h 16000 h related activities Required: Determine the price at which products should be sold using the costs of activities 3- Briefly explain using the solution results in (1) and (2) the effect of product unit cost error on company profitability.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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