XYZ Ltd produce a mini-kitchen called Tiny Tots, which is enjoying extensive popularity  amongst young children. The following data is available for the month of March 2018: Selling price (per unit) R 116 Units in opening inventory 600 Units manufactured 2 550 Units sold 3 050 Variable costs per unit: Direct materials R12,00  Direct Labour R50,00 Variable manufacturing overhead R6,50 Variable selling and administrative R10,00 Fixed costs: Fixed manufacturing overhead R81 000 Fixed selling and administrative R14 000 The company produces the same number of units every month, although the sales in  units vary from month to month. The company’s variable costs per unit and total fixed  costs have been constant from month to month. Required: 4.1. Prepare an income statement for the month using the variable costing  method. (10) 4.2. Prepare an income statement for the month using the absorption costing   method. (10)

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Bluebell Ltd is a small company making gadgets.  Two models are made: E_bell and D_bell. Both products require the same skilled labour which is limited.   Information/data:   E_bell D_bell   Selling Price     £150 £190   Variable Costs     £110 £120   Direct labour hours per unit   4 6 Hours Direct labour hours available (per week) 900 Hours   Maximum demand   100 140   Fixed overheads (per week)   £4,000      If products can be sold up-to their max demand. Recommend the best production plan to maximise the use of the limited resource and maximise profit.

On the Data Tables - Student tab in your Excel spreadsheet, update the given information section of the Income Statement for Hello Company with the data below:   Income Statement Product A   Product B   Product C   Max Capacity Units   42,000       7,000       3,000       52,000   Price per unit $ 11.00     $ 8.00     $ 60.00           Variable expense per unit $ 4.00     $ 2.00     $ 20.00           Total Fixed Costs $ 20,000     $ 40,000     $ 10,000               Required: 2. Using the Data Table What-If Analysis tool in Excel, determine the Units and Operating Income (Loss) for each product based on the following scenarios. (Hint: Don't forget that the warehouse can only hold up to 52,000 units.)   Scenario 1: Pete wants to find the mix of units that will result in the highest overall Operating Income, perform this analysis using a two variable data table. Product A can vary between 39,000 units and a maximum of 44,000 units. Product B can vary between 5,000 units…

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Appliance Apps has the following costs associated with its production and sale of devices that allow appliances to receive commands from cell phones. Beginning Inventory 0Units Produced 24,000Units Sold 19,200Selling Price per Unit $146Variable Sales and Administration Expenses $4Fixed Sales and Administration Expenses $936,000Direct Material Cost per Unit $26Direct Labor Cost per Unit $10Variable Manufacturing Overhead Cost per Unit $2Fixed Manufacturing Overhead Cost per Month $938,400   -Prepare an income statement under the absorption method. If an amount box does not require an entry, leave it blank. -Prepare an income statement under the variable costing method. If an amount box does not require an entry, leave it blank. -Prepare a reconciliation between the two statements.

You are Capable of Amazing Things (YCAT) is in the process of determining how their costs behave. Cost information for the previous four months is provided below. Month Total Costs Total Units June $92,000 3,300 units July $124,000 4,200 units August $103,000 2,900 units September $118,000 4,500 units   YCAT sells each unit for an average unit selling price of $46. Their normal operations are between 2,500 and 5,000 produced units each month. Using the provided information, answer the following questions. What is the October profit if 4,800 units are produced?

Appliance Apps has the following costs associated with its production and sale of devices that allow appliances to receive commands from cell phones. Beginning Inventory 0 Units Produced 24,000 Units Sold 19,200 Selling Price per Unit $145 Variable Sales and Administration Expenses $5 Fixed Sales and Administration Expenses $931,200 Direct Material Cost per Unit $25 Direct Labor Cost per Unit $11 Variable Manufacturing Overhead Cost per Unit $2 Fixed Manufacturing Overhead Cost per Month $940,800 Prepare a reconciliation between the two statements.   Reconciliation Net Income under Variable Costing  86400 Add: Fixed Manufacturing Overhead Deferred    Net Income under Absorption

Units to Earn Target Income Head-First Company plans to sell 5,000 bicycle helmets at $68 each in the coming year. Unit variable cost is $46 (includes direct materials, direct labour, variable factory overhead, and variable selling expense). Total fixed cost equals $35,572 (includes fixed factory overhead and fixed selling and administrative expense). Required: 1. Calculate the number of helmets Head-First must sell to earn operating income of $58,038. 2. Check your answer by preparing a contribution margin income statement based on the number of units calculated. Head-First Company Contribution Margin Income Statement Based on number of units calculated in part 1.

Cordova manufactures three types of stained glass window, cleverly named Products A, B, and C. Information about these products follows:    Product A Product B Product C Sales price $ 47.00 $ 57.00 $ 87.00   Variable costs per unit   22.70   12.00   38.70   Fixed costs per unit   9.00   9.00   9.00   Required number of labor hours   1.50   2.50   3.00     Cordova currently is limited to 58,500 labor hours per month. Cordova’s marketing department has determined the following demand for its products:        Product A 14,000 units Product B 9,000 units Product C 10,000 units   Required:Given the company’s limited resource and expected demand, compute how many units of each product Cordova should produce to maximize its profit. (Enter the products in the sequence of their preferences; the product with first preference should be entered first. Round your answers to the nearest whole number.)     Product Units Produced