QUESTION 2 Mulenga Chisha (MC) produces crocodile sausages and the budgeted profit per unit is as follows: K Materials 1.00 Labour 1.50 Variable Production overhead 1.50 Fixed Production overhead 2.00 Variable Selling Cost 0.50 Fixed Selling Cost 1.00 Profit Selling price 2.50 10.00 MC has budgeted 9,500 units of crocodile sausage in a year. In the first year of production, the only difference from the budget was that MC produced 10,500 units of crocodile sausages and sold 8,500 units. Required: Prepare a) Profit statement under absorption costing. b) Profit statement under marginal costing.
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- QUESTION2 A company manufactures a single product. Budget and Standard cost details for next year include: Selling Price per unit R24.00 Variable Production cost per unit R8.60 Fixed production costs R650 000 Fixed selling and distribution costs R230 400 Sales commission 5% of selling price Sales 90 000 units Required The marketing manager has suggested that the selling price per unit can be increased to R25.00.If the sales commission is increased to 8% percent of selling price and a further R10 000 is speny on advertising Calculate the revised breakeven point based on the marketing managers suggestionQUESTION 1 B Limited produces and sells the following three products: Product X Y Z Selling price per unit (N$) 16 20 10 Variable cost per unit(N$) 5 15 7 Contribution per unit(N$) 11 5 3 Budgeted Sales Volume (units) 50,000 10,000 100,000 The company expects the fixed costs to be N$300000, for the coming year. Assume that sales arise throughout the year in a constant mix. Required: (a)Calculate the weighted average contribution sales ratio (C/S ratio) of the products? (b)Calculate the break-even sales revenue required AND Calculate the margin of safety. (c)Calculate the amount of sales revenue required to generate a profit of N$600000. (d)Draw a multiproduct profit volume chart assuming the budget is achieved.QUESTION 1 B Limited produces and sells the following three products: Product X Y Z Selling price per unit (N$) 16 20 10 Variable cost per unit(N$) 5 15 7 Contribution per unit(N$) 11 5 3 Budgeted Sales Volume (units) 50,000 10,000 100,000 The company expects the fixed costs to be N$300000, for the coming year. Assume that sales arise throughout the year in a constant mix. Required: (a) Draw a multiproduct profit volume chart assuming the budget is achieved.
- Assume the following cost information for Standard Corporation: Selling price per unit: $45.00 Variable costs per unit: $25.00 Total fixed costs: $100,000.00 Standard's goal for the month is to earn befote tax net income of $42.500. How many units must be sold to achieve this goal? a. 8.188 umits b. 2125 umits c. 1125 units d. 3.188 unitsPROBLEM 7 Tito Company sells several products. Information of average revenue and costs are as follows: Selling price per unitPhp20.00 Variable costs per unit: Direct materialsPhp4.00 Direct manufacturing labor Php1.60 Manufacturing overhead Php0.40 Selling costsPhp2.00 Annual fixed costs Php96,000 26. Calculate the contribution margin per unit. 27. Calculate the number of units Tito's must sell each year to break even. 28. Determine the breakeven point in peso. 29. Calculate the number of units Tito's must sell to yield a profit of Php144,000. PROBLEMQuestion 3 Study the information given below and answer: 3.4 How many units must be sold if the company wishes to earn a net profit of R298 920. INFORMATION Samcor Limited manufactures tables. The following information was extracted from the budget for the year ended 30 June 2022: 1. Total production and sales 2. 3. 4. 5. Selling price per table Variable manufacturing costs per table: Direct material Direct labour Overheads Fixed manufacturing overheads Other costs: Fixed marketing and administrative costs Sales commission 2 400 units R1 200 R288 R192 R96 R216 960 R144 000 5%
- S Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Weedban $ 6.00 $2.40 $ 45,000 Product Greengrow $ 7.50 $5.25 $ 21,000 Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow. Its annual common fixed expenses are $33,000. Prev Required: Prepare a contribution format income statement segmented by product lines. Total Company 1 of 4 Product Line Weedban Greengrow Next >Question 2: Kevin Co.’s projected contribution-format income statement for the upcoming month is shown below: Sales (500 units) $10,000 Variable expenses 4,000 Contribution margin 6,000 Fixed expenses 1,000 Net operating income $5,000 Required: Compute the breakeven point in units. 2Compute the breakeven point in dollars. 3. If the company wishes to earn a monthly target profit of $10,000, how many units must be sold each month? 4. Compute the company’s margin of safety. State your answer in both dollar and percentage terms. 5. The company’s manager thinks that adding a salaried sales staff member at a cost of $2,000 per month will increase sales by $4,000 per month. If he is correct, what will be the net dollar advantage or disadvantage of making this change? 6. Refer to the original data, the company’s manager believes that a new production process will improve profitability. He plans to add new machinery that will cut…Royal Lawncare Company produces and sells two packaged products—Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price per unit $ 10.00 $ 31.00 Variable expenses per unit $ 2.40 $ 10.00 Traceable fixed expenses per year $ 130,000 $ 31,000 Last year the company produced and sold 38,000 units of Weedban and 20,500 units of Greengrow. Its annual common fixed expenses are $101,000. Required: Prepare a contribution format income statement segmented by product lines.
- 2TASK ONE: COST-VOLUME-PROFIT ANALYSISRantauBags Company plans to sell 10,000 handbags at $400 each in the comingyear. Data on cost per handbag are as follows:Direct materials $80Direct labour $125Variable overhead $15Variable selling expense is a commission of 5 per cent of the sales price. Total fixedfactory overhead amounts to $800,000. Fixed selling and administrative expensetotalled $400,000.Required:1) Prepare a contribution margin income statement for RantauBags for the comingyear.2) What is the effect on RantauBags operating income if 13,000 units aremanufactured and sold next year? Show computation.3) Calculate the number of units RantauBags must sell to breakeven.4) Calculate the number of units RantauBags must sell to achieve a targetoperating income of $240,000.5) Calculate the margin of safety in sales ($) for the coming year.6) Discuss TWO benefits of manager's possessing the knowledge/understanding oncost-volume-profit analysis.Gibson Company manufactures two products. The budgeted per-unit contribution margin for each product follows: Sales price Variable cost per unit Contribution margin per unit Super $ 96 (64) a. Total number of products b. Product Super b. Product Supreme $32 Supreme $ 132 (86) Gibson expects to incur annual fixed costs of $155,660. The relative sales mix of the products is 70 percent for Super and 30 percent for Supreme. units units units $ 46 Required a. Determine the total number of products (units of Super and Supreme combined) Gibson must sell to break even. b. How many units each of Super and Supreme must Gibson sell to break even? Note: For all requirements, do not round intermediate calculations.Q3The ABC Company manufactures three products – product X, product Y and product Z. The variable expenses and sales prices of all the products are given below: Product X Product Y Product Z Sales per Unit 300 200 400 Variable cost per Unit 150 100 200 The total fixed expenses of the company are OMR 90,000 per month. For the coming month. ABC expects the sale of three products in the following ratio: Product X: 25%; Product Y: 30%; Product Z: 45% Required: Compute the break-even point of ABC company in units and OMR for the coming month.