Problem 4 A factory produces three products A, B and C of equal value from the same manufacturing process. Their joint cost before split off point is 19600 rupees. Subsequent costs are given as under: Particulars A в Material 1500 1300 1000 Labor 200 150 100 Overheads 800 550 400 2500 2000 1500 Selling Price 30000 24000 20000 Estimated Profit on Selling Price 30% 25% 20%

Problem 4 A factory produces three products A, B and C of equal value from the same manufacturing process. Their joint cost before split off point is 19600 rupees. Subsequent costs are given as under: Particulars A в Material 1500 1300 1000 Labor 200 150 100 Overheads 800 550 400 2500 2000 1500 Selling Price 30000 24000 20000 Estimated Profit on Selling Price 30% 25% 20%

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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D% A company has three products-Beta, Chi, and Delta-that emerge from a joint process. The selling prices and amount of output for each product at the split-off point are as follows: Amount of Selling Price Output 14,000 pounds 18,000 pounds 19,000 pounds apse Product Beta $33 per pound points Chi $29 per pound Delta $24 per pound 8 00:36:54 Each product can be processed further beyond the split-off point. The additional processing costs for each product and their respective selling prices after further processing are as follows: Additional Selling Price $37 per pound $34 per pound $30 per pound Product Processing Costs $65,000 Beta Chi $75,500 Delta $70,000 What is financial advantage (disadvantage) of further processing Product Chi?
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How many units of A should be produced to maximize the profit of company?
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> Question 26 Survivor Corporation produced 5,000 units for a total variable product cost of P 275,000 and a total fixed product cost of P 401,660.00 Determine the following: 1. Total variable product cost at 7,550 units. = 2. Fixed cost per unit at 7,550 units. = 4 pts
الوقت المتبقي 2:04:01 Company XYZ is a car navigation system manufacturer. The company sells each unit for $400. The variable manufacturing cost per unit is $100 while the variable selling and administrative cost per unit is $50. The fixed manufacturing cost is $4,000 while the fixed selling and administrative cost is $6,000. Calculate the number of units needed to achieve an operating profit of $8,000. (round to the nearest number) 72 a O None of the given answers .b O 33 .c O 51 .d O 40 .e O ENG A ? e Psn hp Ins prt sc f6 f8 f9 f10 f12 delet & 7 V bac 8. w E T Y P 5 R
Exercises 4 Event Company produces a single product with the following characteristics: price per unit, $30.00; variable material cost per unit, $9.20; variable labor cost per unit, $4.40; variable overhead cost per unit, $2.20; and fixed overhead cost per unit, $3.00. Event Company's manufacturing fixed costs are $5 million, and selling, general, and administration fixed costs are $1.5 million. What dollar sales are required for Event Company to earn a target profit of $600,000? Exercises 5 The following information pertains to Torasic Company's budgeted income statement for the month of June: Sales (1,500 units at $300) $450,000 Variable cost 200,000 250,000 280,000 $(30,000) Contribution margin Fixed cost Net loss Required a) Determine the company's breakeven point in both units and dollars. b) The sales manager believes that a $25,000 increase in the monthly advertising expenses will result in a considerable increase in sales. How much of an increase in sales must result from…
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Question 2 Belian Sdn Bhd developed the following standard unit costs at 100% of its normal production capacity, which is 50,000 units per year: RM Direct materials Direct labour Variable factory overhead Fixed factory overhead 3 15 The selling price of each unit of product is RM25. Variable commercial expenses are RM1 per unit sold, and fixed commercial expenses total RM180,000 for the period, During the year, 49.000 units were produced and 52.000 units were sold. There is no work in process, beginning or ending inventories, and finished goods inventory is maintained at standard cost which has not changed from the preceding year. For the aurrent year, there is a net unfavorable variable cost variance in the amount of RM2.000. Áll standard cost variances are charged to cost of goods sold at the end of the period. Required : a) Prepare a comprehensive income statement on the absorption costing basis. b) Prepare a comprehensive income statement on the direct costing basis co31
Problem 5 Ilang Ilang company manufactures Products A and B from a joint process which also yields a by-product. Ilang ilang accounts for the revenue from its by-product sales as a deduction from the cost of goods sold of its main products. Additional information follows: A B C Total Units produced 15,000 9,000 6,000 30,000 Joint Costs ? ? ? 264,000 Sales Value at Split off 290,000 150,000 10,000 450,000 Joint products are allocated using the relative sales value at split off approach What was the joint cost allocated to Product B?
Question 2 Pisang Berhad produces 500,000 switches per year with the following costs: (For the production of 500,000 switches) RM Direct materials 1,000,000 Direct labour 750,000 Variable manufacturing expenses 300,000 450,000 Fixed manufacturing expenses Total cost 2,500,000 RM5/unit Cost/per unit RM2,500,000/500,000 units + A supplier has approached the company, and offered the switches at RM4 per unit. Should the company decided to purchase from the supplier, the company need to employ an incoming quality controller with a salary of RM70,000 per annum. Other than this, all the other fixed manufacturing expenses will remain unchanged. Required: a) Should Pisang Berhad continue with the production of switches internally, or to purchase the switches from the external supplier? Support your answer with appropriate calculations. b) Will your answer change if the facilities freed up by the company can be used to do alternative works that will contribute an annual profit of RM50,000? Why?…