2 A budgeted data of a company as follows : 6,00,000 1,80,000 Variable Cost 3,00,000e00. Sales Fixed Cost 00 Find PV Ratio, B.E.P. and Margin of safety.
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- x Thomas Co. provides the following fixed budget data for the year: Sales (20,000 units) Cost of sales: Direct materials Direct labor Variable overhead Fixed overhead Gross profit Operating expenses: Fixed Variable Income from operations The company's actual activity for the Sales (21,000 units) Cost of goods sold: Direct materials Direct labor Variable overhead Fixed overhead Gross profit Operating expenses: Fixed Variable Income from operations F3 $200,000 160.000 60,000 80,000 $ 12,000 40.000 year follows: $231.000 168,000 73.500 77.500 12.000 39.500 F6 $600,000 500,000 $100,000 52.000 $ 48,000 $651,000 550.000 $101.000 51.500 $49.500 F7 F8QUESTION 2 Budgeted Production in units Budgeted Fixed Cont Budgeted VC per unit Operating Costs per Unit Fixed Operating Costs Selling price per unit Expected sales per unit 500 100.000 150 75 95,000 1,500 200 Arial 500 100,000 150 75 95,000 1,500 500 Based on the above information what is the budgeted fixed cost per unit? Compute the Sales, Cost of Goods Sold and the Operating Income under 13 Variable Costing and 2) Absorption Costing Note: I will accept 1) the video lecture method or 2) the chapter 9 assignment solution method For the toolbar, press ALT-10 (PC or ALT-IN-10Ma BIVS Paragraph 10pt 11 I. XO QE25. A standard cost Multiple Choice a)is the average cost within an industry b)is useful in calculating equivalent units c)is a budget for the production of one unit of a product d)incorporates the opportunity cost of a unit of production e)shows the actual cost from previous years
- how do I explain this? Metric Score Percent of Total Possible Contribution Margin 4.7 /5 Plant Utilization 5.0 /5 Days of Working Capital 5.0 /5 Stock-out Costs 5.0 /5 Inventory Carrying Costs 3.6 /5 Overall Score 23.3 /25Budgeted Production in units Budgeted Fixed Costs Budgeted VC per unit Operating Costs per Unit Fixed Operating Costs Selling price per unit Expected sales per unit 500 100,000 150 75 95,000 1,500 200 500 100,000 150 75 95,000 1.500 500 Based on the above information what is the budgeted fixed cost per unit? Compute the Sales, Cost of Goods Sold and the Operating Income under 1) Variable Costing and 2) Absorption Costing. Note: I will accept 1) the video lecture method or 2) the chapter 9 assignment solution method.This is the length of time it takes to initiate and complete a finished product. O a. Fiscal year O b. Accounting year c. Production cycle Od. Short-term QUESTION 21 Costs that remain constant even with changes in production level. O a. Variable costs O b. Start-up costs O c. Semi-variable costs O d. Fixed costs QUESTION 22 The challenge of budgeting is to determine what will change and what will stay the same. O True False QUESTION 23 The numbers on tax returns (cash basis) are the same as the number we use to manage a department (accrual basis). O True O False QUESTION 24 A pattern of change over several time periods which can help us make estimates for the future is a. a gap. Ob. a fixed cost. Oc. a transformation. d. a trend.
- Q.dentify an improved method for allocating costs to the three product lines. Explain. Use the method for allocating S, G & A costs that you propose to prepare new budgeted product-line and total company income statementsSubject: cost accounting Q.10 From the following data, prepare flexible budget for production of 40000 units and75000 units, distinctly showing variable cost and fixed cost as well as total cost. Also indicateelements wise cost per unit. Budget output is 100000 units and budgeted cost per unit is asfollows-Direct material 95Direct labour 50Production overhead (variable) 40Production overhead (fixed) 05Administration overhead (fixed) 05Selling overhead (10% fixed) 10Distribution expenses (20% fixed) 153)Some cost information of the enterprise, which calculates its costs according to the Standard Cost Method, is as follows.Total Budgeted Fixed General Production Expenses = 2.000.-₺Unit Budgeted Variable General Production Expense = 1,10.-₺/brTotal Actual Direct Labor Hours = 1.500 DİSTotal Standard Direct Labor Hours = 1.300 DISRequested: Calculate the “Efficiency Difference of General Production Costs”. A. 120.-₺ positiveB. 320.-₺ negativeC. 120.-₺ negativeD. 320.-₺ positiveE. 220.-₺ negativeF. 220.-₺ positive
- Ti Cost of good sold is US$ 30,000; Target ending inventory US$8,0003; beginning inventory is US$10,000. What is budgeted purchase? O a. US$28,000 O b. US$48,000 O c. US$38,000 O d. US$32,000 age EVIOUS ACTIVITY pter 1: Introduction to Management Accounting NEXT ACTIVITY Chapter 2: Variance analysis Jump to...the budgeted direct labor cost per unit of Product T is closest to: 9.10 10.50 7.00 15.75Required Informati (The following information applies to the questions displayed below.] Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below: pexTA Elenent Variable Element per Cuntomer Served $ 5,800 $1,200 $ 570 Actual Total for May $184,000 $ 105,300 $ 16,500 * 41,600 per Month Revenue Enployee salaries and wagen Travel expennes other expenees $65,000 44,000 When preparing its planning budget the company estimated that it would serve 30 customers per month; however, du May the company octually served 35 customers. 5. What net operating income would appear in Adger's flexible budget for May? Net operating income