Data Year 2 Quarter 2 60,000 Year 3 Quarter 1 70,000 1 3 4 2 80,000 Budgeted unit sales 40,000 100,000 50,000 • Selling price per unit • Accounts receivable, beginning balance • Sales collected in the quarter sales are made • Sales collected in the quarter after sales are made • Desired ending finished goods inventory is • Finished goods inventory, beginning • Raw materials required to produce one unit • Desired ending inventory of raw materials is • Raw materials inventory, beginning • Raw material costs • Raw materials purchases are paid $12 per unit $65,000| 75% 25% 30% of the budgeted unit sales of the next quarter 12,000 units 5 pounds 10% of the next quarter's production needs 23,000 pounds $0.80 per pound 60% in the quarter the purchases are made 40% in the quarter following purchase $81,500 and • Accounts payable for raw materials, beginning balance •Direct labor cost per hour •Direct labor hour per unit $15 per hour 0.2 hour per unit •Variable MOH rate •Total fixed MOH $2 per hour $60,000 •Variable S&A expense rate $1.80 per unit •Minimum cash balance •Annual Interest rate $50,000 12%

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QUESTION A company manufactures a food product data for which for one week has been analyzed as follows:Standard cost data: KDirect materials: 10 units at K1.50 15Direct wages: 5 hours at K4.00 20Production overhead: 5 hours at K5.00 2560Other overhead may be ignored.Profit margin is 20% of sales Price.Budgeted sales are K30,000 per week.Actual data:Sales K29,880Direct materials K6,435Direct wages K8,162Analysis of variances;Adverse FavourableDirect materials price 585Usage 375Direct labour: rate 318Efficiency 180Production overhead: expenditure 200Volume 375BBAC 212 ASSIGNMENT ONE SEMISTER 2 2021It can be assumed that the production and sales achieved resulted in no changes of stock.REQUIRED;From the data given, to calculate: (i) the actual output; (ii) the actual profit; (iii) the actualn price per unit of material (iv) actual labour rate per hour; (v) the amount of production overhead incurred; (vi) the amount of overhead absorbed; (vii) the amount of production efficiency variance;…

Question 5.1 Stark and Company would like to evaluate one of the product lines that they sell to the defense department. Every month the Stark and Company produce an identical number of units, although the sales in units differ from month to month. Selling price Units in beginning inventory $105 110 Units produced 6,400 Units sold 6,100 Units in ending inventory Variable costs per unit: 410 Direct materials $62 Direct labour $48 Variable manufacturing overhead Variable selling and administrative Fixed costs: $3 $7 Fixed manufacturing overhead Fixed selling and administrative $64,000 $35,600 Submission Instructions: 1. Under variable costing, identify the unit product cost for the month. 2. What is the unit product cost for the month under absorption costing? 3. Prepare an income statement for the month using the contribution format and the variable costing method. 4. Prepare an income statement for the month using the absorption costing method.

Question Two Pass-Well Company Limited produces a product that passes through two processes, Process 1 and Process 2. Details of activities for the month of December, 2020 is as follows; Process 1 @GH₵200.00 200hrs 3,500units GH₵20 per unit Process 2 GH₵25,000.00 600hrs 3,150units GH₵40 per unit a. You are required to prepare the relevant accounts b. You are required to prepare the relevant Accounts With practical example, differentiate between cost assignment and cost apportionment; product cost and period costs; direct Material introduced (4,000 units) Material added Labour Costs (@GH₵400 per hour) Output in units Scrap value of normal loss Note; i. Overhead is absorbed at 80% of labour costs. ii. Normal loss is estimated at 10% for both process. iii. No opening and closing stocks cost and indirect cost

Answer Problem #3 : items 9 & 10

Q49   Arrow, Incorporated, manufactures two products that it sells to the same market. Excerpted below are its budgeted and actual operating results for the year just completed:     Budget Actual Unit sales     Product X 21,500 40,000 Product Y 89,000 79,000 Unit contribution margin     Product X $ 6.00 $ 3.90 Product Y $ 13.00 $ 14.00 Unit selling price     Product X $ 13.00 $ 14.00 Product Y $ 30.00 $ 29.00   Industry volume was estimated to be 1,865,000 units at the time the budget was prepared. Actual industry volume for the period was 2,400,000 units. Arrow measures variances using contribution margin.   The weighted-average budgeted contribution margin per unit is:   Multiple Choice   $10.43.   $11.64.   $12.23.   $9.12.   $9.17.

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Question 4: Dhofar Company manufactures two products M1 and Z1. Its sales department has three divisions: Salalah Ravsut and Mirkat. Initial estimates for the sales budgets for the year ending 31 December 2021 which are based on the assessments of the divisional executives are as follows; Product M1 : Şalalah 45,000 units: Raxsut 110,000 units and Mirkat; 25,000 units Product Z1: Salalah 70,000 units: Raysut 82,000 units and Mirbat:0 Sales Prices: M1: 3 OMR and Z1= 4 OMR in all areas. Arrangements are made for the extensive advertising of product M1 and Z1 and it is estimated that Salalah division sales will increase by 30,000 units. Arrangements are also made to advertise and distribute product z1 in the Mirkat area in the second half of 2021 when sales are expected to be 100,000 units. Since the estimated sales of the Ravsut division represented an unsatisfactory target, it is agreed to increase both the estimates by 15 %. Prepare a sales budget for the year to 31 December 2021.