Question Content Area Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 621,000 units, estimated beginning inventory is 108,000 units, and desired ending inventory is 87,000 units. The quantities of direct materials expected to be used for each unit of finished product are as follows:Material A 0.50 lb. per unit @ $0.73 per poundMaterial B 1.00 lb. per unit @ $1.86 per poundMaterial C 1.20 lb. per unit @ $1.21 per poundThe dollar amount of material A used in production during the year is a. $1,116,000 b. $871,200 c. $226,665 d. $219,000

Question 4: Dhofar Company manufactures two products M1 and Z1. Its sales department has three divisions: Salalah, Raysut and Mirbat.   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 : Salalah 45,000 units: Raysut 110,000 units and Mirbat: 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 Mirbat area in the second half of 2021 when sales are expected to be 100,000 units.   Since the estimated sales of the Raysut division represented an unsatisfactory target, it is agreed to increase both the estimates by 15 %.   Prepare a sales budget for the year to 31…

Question 2 Jewel Ltd manufactures four products, A, B, C and D, and has produced the following budgeted figures for the forthcoming period:  Demand (units) 8,000 2,000 3,600 3,000 Income £ 40,000 20,000 27,000 38,400 Costs £ Material 12,000 8,000 12,000 12,000 Labour 12,000 6,000 8,000 15,000 Variable Overhead 2,000 1,000 1,700 2,400 Fixed Overhead 6,000 4,000 5,000 6,000 Labour is paid at £10 per hour and is limited to 3,800 hours for the period. Required: Calculate and determine the ranking with labour hours as the limiting factor of production.

Fixed costs in total:          Manufacturing            $100,000   (Budgeted or planned and actual)                                     Selling & Admin          $  75,000 Variable costs per unit:     Manufacturing           $ 11                                     Selling & Admin.         $  2 There were 5,000 units in inventory January 1, 2011.  During the year 25,000 units were produced and 28,000 units were sold. Planned or budgeted production was 20,000 units. Under variable costing, the product cost of one unit would be:         Assume that the operating income under variable costing is $28,000.  What is the operating income under absorption costing?  (You do not need to prepare an income statement to answer this question and the Price per unit is not given.)         The Production Volume Variance (PVV) variance is:         Should the PVV be ‘added’ or ‘subtracted’ from COGS to make the adjustment?