A company uses 20,000 pounds of materials for which it paid P6.00 a pound. The materials price variance was P30,000 unfavorable. What is the standard price per pound?
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A company uses 20,000 pounds of materials for which it paid P6.00 a pound. The materials price variance was P30,000 unfavorable. What is the standard price per pound?
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- A firm manufactures a product that sells for $640 per unit. Variable cost per unit is $360 and fixed cost per month is $26,880. Capacity is 150 units per period. a. How much is the contribution margin? b. How much is the contribution rate? c. How many units must they sell in order to break even? d. Determine the break-even point if fixed cost is increased to $32,200. e. Determine the break-even point as a percent of capacity if fixed cost is reduced to $23,808, while unit variable cost is increased to 60% of unit price.A company spent $30,000 on development of a new product. The variable cost to get the product to customers is $3 per unit, and the price the company charges per unit is $20. What is the break-even quantity?Help me please
- 3. A product's standard cost card includes the following: 3 hours of labour at £10 per hour = £30 In March, the company used 27,000 hours at a cost of £285,000 in order to produce 8,500 units. What was the labour rate variance? (a) £15,000 A (b) £30,000 A £45,000 A (d) £15,000 FThe fixed costs for the current year are Rs. 100,000. The estimated sales for the period are valued at Rs. 240,000. The variable cost per unit for the single product made is Rs. 8. If each unit sells at RS.30. and the number of units involved coincides with the expected volume of output, construct the Breakeven Chart by using scale paper then : (i) Determine the breakeven point. (ii) Find out above how many units, the company should produce to seek profit. (iii) Determine the profit earned at a turnover of Rs. 170,000. (iv) Find the margin of safety. (v) Calculate the angle of incidence.Management believes it can sell a new product for $9.00. The fixed costs of production are estimated to be $7,000, and the variable costs are $3.40 a unit. Complete the following table at the given levels of output and the relationships between quantity and fixed costs, quantity and variable costs, and quantity and total costs. Round your answers to the nearest dollar. Enter zero if necessary. Use a minus sign to enter losses, if any. Quantity Total Revenue Variable Costs Fixed Costs Total Costs Profits (Losses) 0 $ $ $ $ $ 500 $ $ $ $ $ 1,000 $ $ $ $ $ 1,500 $ $ $ $ $ 2,000 $ $ $ $ $ 2,500 $ $ $ $ $ 3,000 $ $ $ $ $ Determine the break-even level using the above table and use the Exhibit 19.5 to confirm the break-even level of output. Round your answers for the break-even level to the nearest whole number. Round your answers for the fixed costs, variable costs, total costs,…
- Yanks Ltd uses the following cost function: Y = $7000 + $8.50X. If the number of units produced in a month is 200, what would be the total cost?The selling price of a particular product is $81.00 per unit, the variable expense is $55.00 per unit, and the breakeven sales in dollars is $243,000, what are the total fixed expenses?A firm manufactures a product that sells for $16 per unit. Variable cost per unit is $8 and fixed cost per period is $1680. Capacity per period is 2200 units. (a) Develop an algebraic statement for the revenue function and the cost function. (b) Determine the number of units required to be sold to break even. (c) Compute the break-even point as a percent of capacity. (d) Compute the break-even point in sales dollars. (a) The revenue function is TR = (Type an expression using x as the variable. Do not include the $ symbol in your answer.) The cost function is TC = (Type an expression using x as the variable. Do not include the $ symbol in your answer.) (b) The number of units required to be sold to break even is| units. (Round up to the nearest whole number.) (c) The break-even point as a percent of capacity is%. (Round to two decimal places as needed.) (d) The break-even point in sales dollars is $ (Round to the nearest cent as needed.)
- A firm expects to sell 25,000 units of its product at $11 per unit. Pretax income is predicted to be $60,000. If the variable costs per unit are $5, total fixed costs must be:The annual demand for an item of raw materials is 4,000 units and the purchase price is expected to be £90 per unit. The cost of placing an order is £135 and the cost of storage is estimated to be £12 per unit per annum. You are required to: Calculate the economic order quantity (EOQ) and the total relevant cost of this order quantity. Suppose that the £135 estimate of the cost of placing an order is incorrect and should have been £80. Assume that all other estimates are correct. What is the cost of this error to the business, assuming that the order size identified in part i is implemented for one year? Assume at the start of the period that a supplier offers to supply 4,000 units at a price of £86. The materials will be delivered immediately and placed in the stores. Assume that the cost of placing this order is zero and the original estimate of £135 for placing an order for the…A company has set its initial selling price at $28 per unit. Its variable manufacturing costs are $10 per unit produced. Its variable selling and administrative costs are $2 per unit sold. The company’s fixed manufacturing costs are $300,000 per period and its fixed selling and administrative costs are $150,000 per period. The company’s target profit is $200,000 per period. What is the breakeven point in units? What is the breakeven point in dollars? How many units must be sold to achieve the target profit? If the fixed costs increase by 20%, how many units must be sold to achieve the target profit?
