KK Ltd makes and sells one product, which has the following standard production cost. GHC Direct Labour (3hrs @ GH¢6 per hour) Direct materials (4kg @ GH¢7 per kg) 18 28 Production overheads: Variable Fixed 20 69 Standard Cost per unit Normal output is 16,000 units per annum. Variable selling, distribution and administration costs are 20 percent of sales value. Fixed selling, distribution and administration costs are GH¢180,000 per annum. There are no units in finished goods inventory at 1 January 2018. The fixed overhead expenditure is spread evenly throughout the year. The selling price per unit is GHg140. Production and sales budgets are as follows: Jan - June 2018 Jul - Dec 2018 Production (units) Sales (units) Required: 1. Prepare Income statement for the 2 periods using 8,500 7,000 8,000 7,000 Marginal Costing and Absorption costing Reconcile the Marginal Costing Profits with Absorption costing profits а. b. 2.

uality Containers Industries Inc. has fixed costs of $368,000. The unit selling price, variable cost per unit, and contribution margin per unit for the company’s two products follow: Product Selling Price Variable Cost per Unit Contribution Margin per Unit AA $125   $85     $40       BB 90   40     50       The sales mix for Products AA and BB is 40% and 60%, respectively. Determine the break-even point in units of AA and BB. a.   Product AA fill in the blank 1 unitsb.   Product BB fill in the blank 2 units

Sunn Company manufactures a single product that sells for $120 per unit and whose variable costs are $90 per unit. The company's annual fixed costs are $432.000 Management targets an annual income of $750,000. (1) Compute the unit sales to earn the target income. Numerator: 1 Denominator: (2) Compute the dollar sales to earn the target income.. Numerator: Denominator P M = Units to Achieve Target Units to achieve target Dollars to Achieve Target Dollars to achieve target

Zeke Company sells 24,500 units at $15 per unit. Variable costs are $7 per unit, and fixed costs are $36,300. The contribution margin ratio (rounded to the nearest whole percent) and the unit contribution margin are a. 53% and $15 per unit, respectively b. 1% and $15 per unit, respectively c. 53% and $8 per unit, respectively d. 1% and $7 per unit, respectively

Bluegill Company sells 10,000 units at $400 per unit. Fixed costs are $200,000, and operating income is $1,800,000. Determine the following: a.  Variable cost per unit $   b.  Unit contribution margin $ per unit c.  Contribution margin ratio   %

ABC Ltd produces a single product. The selling price is OMR 50 a unit and the variable costs is OMR 30 a unit. The annual fixed costs of the business are OMR 4000. calculate BEP in units Select one: O a. 210 Units O b. 200 Units O c. 220 Units O d. 250 Units

Steven Company has fixed costs of $365,640. The unit selling price, variable cost per unit, and contribution margin per unit for the company's two products are provided below.   Product Selling Price per Unit Variable Cost per Unit Contribution Margin per Unit X $1,408 $528 $880 Y 710 380 330 The sales mix for Products X and Y is 60% and 40%, respectively. Determine the break-even point in units of X and Y. Round answers to the nearest whole number.fill in the blank 1 units of Xfill in the blank 2 units of Y

Skolnick Corporation has provided the following information: Cost per Unit Direct materials $ 5.20 Direct labor $ 4.70 Variable manufacturing overhead $ 1.80 Cost per Period Fixed manufacturing overhead $ 126,000 Sales commissions $ 1.40 Variable administrative expense $ 0.60 Cost per Period Fixed selling and administrative expense $39,600 Selling price $20.6 per unit. The value of break-even point sales is:

Algee Ltd plans to manufacture kettles and the following information is applicable: Estimated sales for the year 20.15 Estimated costs for the year 20.15 Direct material 14 000 units at R80 each R24 per unit Direct labour Factory overheads (all fixed) Selling expenses Administrative expenses (all fixed) R4 per unit R48 000 per annum 30% of sales R78 000 per annum 3.1 Calculate the break-even quantity 3.2 Calculate the break-even value using the marginal income ratio. 3.3 Calculate the selling price per unit if the profit per unit is R4. 3.4 Calculate the new break-even quantity and value if selling price is increased by 10%. 3.5 Calculate the selling price if 14 000 units provide an operating profit of RO after an additional advertising expense of R54 000

Tackett Company sells a single product for $75 cach. the variable costs are $45 cach. Total fixed costs are $225,600. How many units must the company sell to achieve operating income of $90,000? O A. 7013 O B. 10520 O C. 6230 O D.4208