Reference no: EM132691467
Questions -
Q1. XY Company manufactures and sells LCD monitor at P5000 each. The production officer reported the following:
Sale price: P5000 per monitor
Direct materials cost: P1000 per unit
Direct labor cost: P550 per unit
Other overhead cost P950 per unit
Fixed costs related to the production are also reported:
Salary of management: P200,000
Rent for the factory: P150,000,
Other salaries: P140,000
Depreciation of equipment: P12,000
Required -
a. Compute the total variable cost.
b. Compute the total fixed cost.
c. Compute total cost (TC) function.
d. Compute total revenue (TR) function.
e. Compute the profit function.
f. Find the break-even quantity.
g. Find the break-even sales revenue.
Q2. Wonder Food is a multi-product company that makes three types of cereal. Following table shows the sales price, variable cost per unit and units sold of each product:
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Type 1
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Type 2
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Type 3
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Price per Unit
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$5
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$7.50
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$9
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Variable Cost per Unit
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$10
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$13
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$15
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Unit Sold
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2000
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1500
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1300
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Required -
a. Calculate the separate contribution margin ratio for each product.
b. Calculate the weighted-average contribution margin ratio of the company as a whole.
c. If the company's fixed costs are $100, 000 per annum, calculate the break even distribution of products.
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Illustrate a combined Statement of Income
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: Sale price: P5000 per monitor, Direct materials cost: P1000 per unit and Direct labor cost: P550 per unit. Compute the total variable cost
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