Caltex Products plc manufactures electric mini-lawnmowers. Its sales and costs’ budget for November 20X2 is as follows: Sales: 3 000 units × £72/unit Costs: Direct materials (metal): 3 000 units × (1kg per unit × £14/kg) Direct materials (plastic): 3 000 units × (0.5kg per unit × £7/kg) Direct labour: 3 000 units × (0.75 hours per unit × £8/hr) Production overhead: £86 500 Other overheads: £31 000 The company does not absorb production overheads using an overhead absorption rate. It may be assumed that all of its overheads are fixed in nature. The company’s actual results for the same month (November) are as follows: Sales: 2 950 units × £73/unit Costs: Direct materials (metal): 2 950 units × (0.9kg per unit × £13.80/kg) Direct materials (plastic): 2 950 units × (£0.5kg per unit × £7.20/unit) Direct labour: 2 950 units × (0.7 hrs per unit × £8.20/hr) Production overhead: £84 250 Other overheads: £32 250 Net profit: £34 658 Required: c. Calculate: i) Sales price variance ii) Sales profit – volume variance iii) Materials price variance (both materials)

Same Data diferent question. Caltex Products plc manufactures electric mini-lawnmowers. Its sales and costs’ budget for November 20X2 is as follows:Sales: 3 000 units × £72/unitCosts:Direct materials (metal): 3 000 units × (1kg per unit × £14/kg) Direct materials (plastic) 3 000 units × (0.5kg per unit × £7/kg)Direct labour: 3 000 units × (0.75 hours per unit × £8/hr) Production overhead £86 500Other overheads £31 000• The company does not absorb production overheads using anoverhead absorption rate. • It may be assumed that all of its overheads are fixed in nature. The company’s actual results for the same month (November) are as follows:Sales: 2 950 units × £73/unit Costs:Direct materials (metal): 2 950 units × (0.9kg per unit × £13.80/kg)Direct materials (plastic): 2 950 units × (£0.5kg per unit × £7.20/unit) Direct labour: 2 950 units × (0.7 hrs per unit × £8.20/hr)Production overhead: £84 250Other overheads: £32 250Net profit: £34 658 Calculate:i) Sales price varianceii) Sales…

Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs: Direct materials $1.65 Direct labor 0.60 Variable overhead 0.80 Fixed overhead 1.90     Total unit cost $4.95 For the coming year, Play-Disc expects to make 330,000 plastic discs, and to sell 311,000 of them. Budgeted beginning inventory in units is 16,000 with unit cost of $4.95. (There are no beginning or ending inventories of work in process.) Required: Question Content Area 1. Prepare an ending finished goods inventory budget for Play-Disc for the coming year. If required, round your answers to the nearest cent. Play-DiscEnding Finished Goods Inventory BudgetFor the Coming Year Unit costs:     $- Select -   - Select - Overhead:     - Select -   - Select - Total cost per unit $fill in the blank 04d2fcfb606b005_9 Total ending inventory cost $fill in the blank 04d2fcfb606b005_10   Question Content Area 2. What…

Julum Limited manufactures a single product and operates a standard costing system.     Budgeted Data (per unit) :       Labour 5 hours @ £15.00 Per Hour Budgeted production for August was expected to reach     10000 Units Actual production     11000 Units The actual costs incurred were as follows :       Actual Data :           Labour 60000 hours @ £14.50 Per Hour   a. What is Labour Rate Variance? Choose one from the following:   A. £30,000.00 Favourable   B. £75,000.00 Unfavourable   C. £45,000.00 Favourable   D. £45,000.00 Unfavourable