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Question - A manufacturing company has the following revenue and cost structure:
PRODUCT
A B C D
Maximum output and sales
7,500
6,000
8,200
8,500
$
Selling price per unit
25
31
45
52
Variable production costs:
Direct material
7
12
20
18
Direct labour
6
8
13
16
Overhead
4
3
5
Direct material per unit
4 litres
2.5 litres
2 litres
3 litres
The supply of direct material is limited to 70,000 litres. Budgeted fixed costs amount to 100,000.
Required -
1. Determine the optimal product mix.
2. Calculate the maximum contribution and profit.
3. State any five non-financial reasons that can be considered by management in a 'make or buy' decision.
4. Give any three uses of marginal costing in management decision making.
Indicate if each transaction and event is (1) a source of cash, (2) a use of cash, and/or (3) an adjustment leading to a source or use of cash
WRX uses a standard costing system. Calculate material price and quantity variances for the model RN-3 valves. (Enter all variances as a positive number.)
Brock completed 14737 units of candy of which 10,500 were sold. What amount would Brock recognize on its income statement.
What is the budgeted cost of direct labor for 10,400 hot dogs? Calculate the direct labor mix and yield variance for Tom and Jerry.
You, the managerial accountant, are asked by the CFO (Mr. Smith) of Wilson-West Manufacturing (a new company) to set up a product costing system
Calculate the overhead variance for the year and dispose of the overhead variance by adjusting the costs of goods sold.
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Suppose 10 underlying Sanofi shares are packaged into one Sanofi ADR. What is the no-arbitrage French price of one Sanofi share in Paris, in Euro
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Estimate the effect on sales revenue resulting from the planned change in fee structure for the next financial year, which starts 1 October and ends on 30 September. State any assumptions that you need to make.
He was supposed to pay $15,000 five months ago, but failed to do as he was short of cash. Find the size of the equal payments
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