Don't want AI Answer QUESTION[20]Woheno Limited manufactures men's shirts. The followinginformation was extracted from the budget for the monthended 31 December 2021:Sales for the month15 000 unitsSelling price per unitR900Variable manufacturing cost per unitR250Selling cost per unitR50Factory overheads (all fixed)R200 000Fixed administrative costR100 000You are required to calculate the following (round off amountsto the nearest Rand or Whole number):1. Marginal income per unit.1. Break-even quantity.1. Break-even value.2.4 Marginal income ratio.(5)(5)(5)(5)

Step 1: Marginal income per unit:- The marginal income per unit is same as the contribution margin…

Answered: QUESTION [20] Woheno Limited…

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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Woheno Limited
From the following information which relates to Chinhamo Ltd you are required to prepare a month-by-month cash budget for the second half of 2021 and to append such brief comments as you consider might be helpful to management.(a) The company’s only product, a calfskin vest, sells at $40 and has a variable cost of $26 made up as follows:Materials $20Labour $4Overhead $2(b) Fixed cost of $6 000 per month are paid on the 28th of each month.(c) Quantities sold/ to be sold on credit are: May June July August Sept Oct Nov Dec1 000 1 200 1 400 1 600 1 800 2 000 2 200 2 600 (d) Production quantities:May June July August Sept Oct Nov Dec1 200 1 400 1 600 2 000 2 400 2 600 2 400 2 200 (e) Cash sales, at a discount of 5% are expected to average 100 units a…
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Question 1 Shiashi Ltd is preparing its manufacturing overhead budget for 2024. Relevant data consist of the following: - Units to be produced (by quarters): 20,000, 24,000, 34,000 and 36,000. Direct labour: Time is 1.5 hours per unit. Variable overhead costs per direct labour hour: Indirect materials GH¢1.40; indirect labour GH 2.40 and maintenance $1.50. Fixed overhead costs per quarter: Supervisory salaries GH 55,000; depreciation GH 27,000 and maintenance GH¢25,000. a) You are required to prepare the manufacturing overhead budget for the year, showing quarterly data. b) What does an organisation stand to gain by preparing annual budgets for its operations? c) Describe the budgeting process of any business entity that you are familiar with.
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NiNa plc manufactures 1 product; XYZ. It uses materials A and B inproduction of XYZ. The Financial Director of Rain plc has asked for yourassistance in producing the cash budget for the month of September 2021.She has provided you with the following information extracted from thefunctional budgets:July August September OctoberSales (£) 9,250,000 10,360,000 12,950,000 14,245,000Production (unit) 50,000 56,000 70,000 77,000Material A purchase(£) 1,500,000 1,680,000 2,100,000 2,310,000Material B purchase(£) 500,000 560,000 700,000 770,000Direct labour cost (£) 2,400,000 2,688,000 3,360,000 3,696,000The following additional information has also been provided to you:• Sales are 20% cash, 80% credit. Credit sales are paid one month afterthe month of sale. NiNa plc allows a 1% cash discount on all of its cashsales and the firm does not anticipate any bad debt in the foreseeablefuture.• Payment to material A supplier is made in the month following purchaseand payment to material B supplier is…
Arden Ltd tentative budget for product TYL for 2019 is shown below: Sales (2500 units at £40 a unit Manufacturing cost of goods sold 100,000 Direct labour 15,000 Direct materials 14,000 Variable factors overhead 10,000 Fixed factors overheard 5000 44,000 Gross profit 56,000 Selling express Variable 6000 Fixed 10,000 Administrative expenses Variable 5,000 Fixed 10,000 31,000 Operating income 25,0000 Required: (a). How many units of product TYL would have to be sold to break-even.] (b). What would be operating income if projected sales increased by 30%.
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The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year Units to be produced 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 10,800 8,500 7,100 11,200 Each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour Required: 1. Prepare the company's direct labor budget for the upcoming fiscal year Note: Round "Direct labor time per unit (hours)" answers to 2 decimal places. Direct labor time per unit (hours) Total direct labor-hours needed Direct labor cost per hour Total direct labor cost Rordan Corporation Direct Labor Budget 2nd Quarter 1st Quarter 3rd Quarter 4th Quarter Year
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