b) Powders Sdn. Bhd. involves in processing andpackaging crispy flour at Pekan Penaga. Theoperating costs incurred including packaging anddelivery costs. The following are data on theoperating cost and weights of crispy flour for the last6 months of 2023: Month Crispy flour (kg) Operatingcost (RM) July 33,500 63,460 August 30, 000 64, 200September 50,200 79,200 October 55, 000 80, 450November 43, 200 73,440 December 48,500 81,700Based on the above information, you are required touse the High-Low method to determine thefollowings: i) variable cost per unit; ii) fixed cost; iii)cost function; and operating cost incurred if theweight of crispy flour is 163, 000 kg.

The variable cost per unit is calculated by dividing the change in operating cost by the change in…

Answered: b) Powders Sdn. Bhd. involves in…

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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Salik Sdn Bhd is the producer of industrial lubricant made from palm oil waste. The following is data that have been collected prior to production in the beginning of 2023. Direct materials (Per unit product) Kg Rm Raw Materials 1 Usage 4.00 2.00 Direct labor (Per unit product) DLH(Hours) Rate Direct labor Cost 10 2.50 Variable Overheads DLH Rate Variable overheads: (per direct labor hour) 10.00 2.00 a. Calculate the Standard Variable Cost Per Unit for each of the manufacturing cost.
5) A production company with an annual normal production capacity of 4,800 units/year calculates its costs according to the normal cost method. The enterprise has actually produced 300 units/month in April 2021. The production costs of the enterprise for the period of April 2021 were realized as follows, according to the full cost method.Direct Raw Material and Material Expenses(D) 3.000.-₺Direct Labor Costs(D) 2.700.-₺General Production Expenses(D) 2.400.-₺General Production Expenses (S) 2.000.-₺Required: Business:a) Calculate the “Unit Cost of Goods Produced” for the period of April 2021.b) If the "Actual Production Amount" for the period of April 2021 was 340 units/month (assuming that other data remain constant and unchanged), calculate the "Unit Cost of Goods Produced". A. a) 32.88.-₺/br ; b) 32.00.-₺/brB. a) 33,66.-₺/br ; b) 29,70.-₺/brC. a) 32.00.-₺/br ; b) 32.00.-₺/brD. a) 32.00.-₺/br ; b) 32.88.-₺/brE. a) 32.00.-₺/br ; b) 28,82.-₺/brF. a) 27,41.-₺/br ; b) 24,24.-₺/br
Answer the questions from the information provided.2.1 Use the information given below to prepare the Income Statement for March 2022 according to theabsorption costing method.INFORMATIONThe following information was extracted from the accounting records of Alpha Enterprises for the month ended 31March 2022: Sales 3200 units Selling price per unit R100 Finished products on 01 March 2022 400 units products manufactured during the month 3600 units variable manufacturing costs per unit R26 variable selling and administatrive costs per units sold R12 fixed manufacturing costs R25 200 fixed selling and administractive costs R12 400 Additional informationThe variable manufacturing cost per unit and total manufacturing cost per unit of the finished goods on 01 March2022 was R21.60 and R26.20 respectively. 2.2 Use the information provided below to calculate the following manufacturing variances for March2022. Note: Each answer must state whether the variance is…
Jake’s Roof Repair has provided the following data concerning its costs: Fixed Costper Month Cost perRepair-Hour Wages and salaries $ 20,900 $ 15.00 Parts and supplies $ 7.60 Equipment depreciation $ 2,730 $ 0.55 Truck operating expenses $ 5,750 $ 1.60 Rent $ 4,650 Administrative expenses $ 3,870 $ 0.70 For example, wages and salaries should be $20,900 plus $15.00 per repair-hour. The company expected to work 2,900 repair-hours in May, but actually worked 2,800 repair-hours. The company expects its sales to be $48.00 per repair-hour. Required: Compute the company’s activity variances for May.
Use the information given below to prepare the Income Statement of Costa Enterprises for the year ended 31 December 2022 using the absorption costing method. Costa Enterprises commenced operations on 02 January 2022, and produces a single product that sells for R72 per unit. During 2022, 300 000 units of the product were manufactured of which 240 000 units were sold. There was no work-in-process inventory at the end of the year. Manufacturing costs and marketing and administrative costs for 2022 were as follows: Please avoid solutions in an image format thanku
Please show calculations
The following costs were incurred in March: Direct materials = Php1,950,000 Direct labor = PhP1,200,000 Manufacturing overhead = PhP700,000 Selling expenses = PhP550,000 Administrative expenses = PhP950,000 Calculate the prime costs during the month. Show the solution.
Equivalent units of production based on weighted-average are: 100,000 units material, 90,000 units conversion. Beginning inventory costs are: material, Php5,000; labor, Php4,000; and overhead of Php8,000. Current costs are: material, Php45,000; labor, Php77,000; and overhead of Php118,000. The unit cost of labor: A. Php 0.50 B. Php 2.30 C. is not determinable from the data provided D. Php 0.90 E. Php 1.40
ASSIGNMENT 1. Enusah Motors Limited assembles and sells motor vehicles. It uses an actual costing system, in which unit costs are calculated on a monthly basis. The selling price per motor vehicle is ¢44,000. Data relating to January, February and March of 2020 are: January February March Unit data: Production (units) Sales (units) 1000 1000 900 900 1040 940 100 60 20 Variable-cost data: Manufacturing costs per unit produced Selling and Admin costs per unit sold ¢16,000 ¢16,000 ¢16,000 8,000 8,000 8,000 Fixed-cost data Manufacturing costs Selling and Admin costs ¢2,400,000 ¢2,400,000 ¢2,400,000 ¢1,600,000 ¢1,600,000 ¢1,600,000 Required: Compute the product cost per unit under both variable and absorption costing methods i. ii. Present income statements for Enusah Motors in January, February and March of 2020 under Variable costing Absorption costing. а. b. iii. Reconcile and explain the differences in operating profits under both costing methods
Hightech Sdn Bhd (HSB) produces knee guards for recreational activity, which are marketed throughout Malaysia. Selected cost and operating data relating to the product for two years are given below: Year 2020 Year 2021 Units in beginning inventory 0 ? Units produced during the year 18,000 10,800 Units sold during the year 14,400 14,400 Units in ending inventory 3,600 0 RM Selling price per unit 54 Manufacturing costs: Variable per unit produced: Direct materials 11 Direct labour 6 Variable overhead 5 Fixed per year 162,000 Selling and…

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