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- Question 7 EDP Enterprises sells mobile accessories for $120 per unit. It is noted that the firm's variable cost per unit is $35 for direct materials, $25 per unit for direct labor, and $13 per unit for overhead. The fixed production overhead per year is $35,200 and the fixed selling & administrative overhead is $43,299. If the owner wants to earn an income before tax of $65,722-h how many units must be sold to achieve such target? Assume that income tax rate is at 30%.12 Our company currenty makes and sells two products: A and B. The relative number of production and sales between A and B is 2:3. In other words, each time the company produces and sells two units of product A, it produces and sells three units of product B. The following cost information is available: Company A В Unit Selling Price $11 $15 Unit Varible Cost $5 $7 Total fixed expenses $15,000 How much sales volume does the company need to make from Product B if it wants to achieve $3,000 profits? (Do not round intermediate calculations. Round the final answer to the nearest units.) А. 1,500 units В. 1,340 units C. 893 units D. 1,000 units Е. None of the aboveQUESTION 7 Quiet Corp. currently makes 2000 subcomponents a year in one of its factories. The unit costs to produce are: Description Per unit Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $4 4 2 IMI An outside supplier has offered to provide Quiet Corp. with the 2000 subcomponents at a $17 per unit price. Fixed overhead is not avoidable. If Quiet Corp. decides to buy from the outside supplier, the impact to net income will be ? If positive, enter the number, if negative, place a-sign before your number
- Question 6 Amundsen Company makes 60,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows: Direct Materials Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead Variable Selling Fixed Selling Total $ 10.10 $17.40 $ 2.70 $15.00 $ 2.75 $ 3.25 $51.20 An outside supplier has offered to sell the company all of these parts it needs. If the company accepts this offer, the facilities now being used to make the part would be idle and fixed manufacturing overhead would be reduced by 80% of current cost. The variable selling costs would be reduced to 40% of current cost. Required: What is the maximum amount the company should be willing to pay an outside supplier per unit for the part?t 0 ences Mc Graw Hill Required information [The following information applies to the questions displayed below.] Diego Company manufactures one product that is sold for $75 per unit in two geographic regions-the East and West regions. The following information pertains to the company's first year of operations in which it produced 46,000 units and sold 42,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expense Break even point $ 25 $ 20 The company sold 31,000 units in the East region and 11,000 units in the West region. It determined that $200,000 of its fixed selling and administrative expense is traceable to the West region, $150,000 is traceable to the East region, and the remaining $38,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing…Question 4 Achimota Ltd produces a single product and has the following financial information: Selling Price Cost per unit: Direct Materials Direct Labour Variable Overheads GH¢ 50 15 14 4 Fixed manufacturing overheads are GH¢40,000 per month, production volume is 10,000 units per month and sales is 9,200 units. You are required to: a) Calculate the cost per unit under: i. Absorption costing ii. Marginal costing b) Prepare the income statement of ABC Ltd under: i. Absorption costing technique ii. Marginal costing technique c) Reconcile the profits obtained under (bi) and (bii) d) Explain the reasons for the difference in profits in (c) above.
- Q.4 Standard cost systems provide companies with a number of advantages, argue the statement. Following are the details of Abbass Industries for the period ended June 30, 2020. Company establish standard on its normal capacity of 120,000 units/hours in a year: Direct Material 600,000 kgs at Rs. 9 per kg Direct Labor 4 hours per unit at Rs. 6 per hour Factory overhead: Fixed cost Rs. 240,000 per year or Rs. 20,000 per month. Variable Cost Rs. 4.50 per hour. During the one month of operation, company produced 11,000 units. Direct material used: 60,500 kgs at Rs. 9.10 per kg Direct labor used:…Q – 5: Bettina Company incurs the following costs to produce and sell a single product. Variable costs per unit: Direct materials $15 Direct labor$7.5 Variable manufacturing overhead$3 Variable selling and administrative expenses$6 Fixed costs per year: Fixed manufacturing overhead . . . . . . . . . . . . . . . . . $45,000 Fixed selling and administrative expenses . . . . . . . $150,000 During the last year, 15,000 units were produced and 12,500 units were sold. The Finished Goods inventory account at the end of the year shows a balance of $63,750 for the 2,500 unsold units. Required: 1. Is the company using absorption costing or variable costing to cost units in the Finished Goods inventory account? Show computations to support your answer. 2. Assume that the company wishes to prepare financial statements for the year to issue to its stockholders. a. Is the $63,750 figure for Finished Goods inventory the correct amount to use on these…Exercise 4-16 Karen Company produces two types of food processors. Information about the two product lines for 2021 is as follows: Regular De Luxe Selling price per unit Variable cost per unit CM per unit P750 P1,000 500 500 P250 P500 The company expects fixed costs to be P1,200,000 in 2021. he firm expects 80% of its sales (in units) to be Regular Model food processors. REQUIRED: 1. Determine the break-even point in units. 2. To generate a pre-tax profit of P480,000, determine sales in units for both models. 3. To generate an after tax profit of P630,000, determine sales in units for both models. Use a tax rate of 30%.
- Exercise 4-12- Jolina Company has fixed costs of P1,200,000, variable costs of P24 per unit, and a contribution margin ratio of 40%. REQUIRED: 1. Compute for the following: a. Unit sales price, and unit contribution margin. b. The sales volume in units required for Jolina to earn an operating income of P600,000. c. The peso sales volume required for Jolina to earn an operating income of P600.000.Question 20 Bell Company sells several products. Information of average revenue and costs is as follows: Selling price per unit $33.00 Variable costs per unit. Direct material $6.00 Direct manufacturing labor $1.50 $0.25 Manufacturing overhead Selling costs $2.00 Annual fixed costs $111,000 The company sells 12,000 units. The contribution margin per unit is $23.25 $25.50 $14.00 $25.25Question 6 Mowbray Ltd makes and sells one product, the standard costs of which are as follows: Direct materials (3 kg at £2.50/kg) Direct labour (7¹/2 minutes at £18.00/hr) Fixed overheads Selling price Standard profit margin The monthly production and sales are planned to be 1,200 units. The actual results for May were as follows: Sales revenue Direct materials Direct labour Fixed overheads Operating profit £ £ (7.50) (2.25) (3.60) (13.35) 20.00 6.65 18,000 (7,400) (2,300) (4,100) 4,200 (2,800 kg) (127.5 hr) There were no inventories at the start or end of May. As a result of poor sales demand during May, the business reduced the price of all sales by 10 per cent. Required: Calculate the budgeted profit for May and reconcile it to the actual profit through variances, going into as much detail as is possible from the information available.