Question 3$45$35Variable Overheads $15David Ltd manufactures and sells a single product. The standard selling price per unit is$120. The variable cost per unit details are as follows:Direct MaterialDirect LabourRequired:The company budgeted fixed overhead cost of $30,000. They budgeted to produce and sell3,000 units.(a) Calculate:ti.(i) The cost and profit per unit.(ii) The Profit in total for the period.(b) Calculate:cast- callpayback: !!Tatal fined(i) Breakeven Point in units and value(sales)Serwis(ii) Margin of Safety in units and value (sales)(iii) Sales required to achieve a profit of $70,000.(c) Outline the 3 assumptions of Cost-Volume-Profit (CV-the investment in twoHows:

Name: Question 3$45$35Variable Overheads $15David Ltd manufactures and sell
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Description: Question 3$45$35Variable Overheads $15David Ltd manufactures and sells a single product. The standard selling price per unit is$120. The variable cost per unit details are as follows:Direct MaterialDirect LabourRequired:The company budgeted fixed ov

"Contribution" refers to the difference between sales and variable costs. It will assist the…

Answered: Question 3 David Ltd manufactures af…

Business

Accounting

Question 3 David Ltd manufactures af $120. The variable cost per un Direct Material Direct Labour $35 Variable Overheads $15 nd fixed overhead cost of $30,00

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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Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total unit cost Cost per Unit $ 32.50 13.00 19.50 26.00 $91.00 An outside supplier has offered to provide Cotton with the 10,000 subcomponents at an $84.50 per-unit price. No portion of fixed overhead is avoidable. If Cotton accepts the outside offer, what will be the effect on short-term profits?
A 1 Original Data: 2 3 4 5 6 7 8 9 10 11 12 Part 1 13 14 15 16 Estimated MOH Estimated DLHS 28 29 B Selling price per unit Direct materials per unit Direct labour per unit Direct labour-hours per unit Estimated annual productio POR: 17 18 Sales 19 Less product costs 20 21 22 23 Total product costs 24 Product margin Direct materials Direct labour Manufacturing overhead 25 Units produced and sold: 26 Product margin per unit 27 $1,350,000 112,500 High Grade $212.50 $83.50 $30.00 1.00 75,000 High Grade D Professional $387.00 $212.00 $45.00 1.50 25,000 per DLHs Professional Total
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