User Account

All Pages

Find out the profit maximizing product mix

Assignment Help Financial Accounting
Reference no: EM132594313

Joseph Ltd makes two products, the odds and the Ends. Unit variable costs are as follows.

                                 Odds (RS)                 Ends (RS)

Material                         2                       4

Labour (@ rs3/hr)              6                     3

FOF                                  2                    2

Total                               10                   9

The sales price per unit is Rs. 16 per Odd and Rs. 13 per End. During July 20X2 the available direct labor is limited to 8,000 hours. Sales demand in July is expected to be 3,000 units for Odds and 5,000units for Ends.

Required:

Question 1: Find out the profit maximizing product mix.

Question 2: Explain in detail the concept of a budget.

Reference no: EM132594313

Questions Cloud

Compute the net present value of the proposed project is : Compute The net present value of the proposed project is closest to: (Round your intermediate calculations and final answer to the nearest whole dollar amount.)
Find which financial ratios would be applicable to company : Using the company you worked with for your portfolio assignment, explain which financial ratios would be applicable to the company
What is the direct labor rate variance for march : What is the direct labor rate variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable)
Describe an example of flour milling and copper mining : Provide and describe in detail an example of flour milling and copper mining that produces both joint and by-products. Provide the suitable example.
Find out the profit maximizing product mix : Find out the profit maximizing product mix.Sales demand in July is expected to be 3,000 units for Odds and 5,000units for Ends.
Write steps involved in implementing activity based costing : The Furniture Manufacturing, Write steps involved in implementing Activity based costing in a typical furniture manufacturing operation as described
Compute for the ending balance of raw materials : Compute for the under-or over-applied overhead for the year. Is it under-applied or over-applied? Compute for the ending balance of raw materials
How a payroll practitioner could make use of the content : Explore the CPA website and provide detailed information on one of the areas with respect to how a payroll practitioner could make use of the content
What is the amount of the monthly? payment : If you buy the car and borrow through? GMAC, then what are the monthly? (end-of-month) payments for a 9?-year ?term?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd