Reference no: EM132573820
Question 1: grade A meat originates from a joint process. 100kg are manufactured per batch of production . grade A can be sold at a split off point for $5 per kg or it can be processed further as steak and sold at $25 per kg. the further processing costs are $1500 per batch. should the product be sold at the split off point or be processed further?
Question 2: a company has the following budgeted costs and revenues; sales $50 per unit, variable production cost $18 per unit, fixed production cost $10 per unit. in the most recent period, 2000 units were produced and 1000 units were sold. actual sales price, variable production cost per unit, and fixed production costs were all as budgeted. fixed production costs were over absorbed by $4000. there was no opening inventory for the period. what would be reduction in profit for the period if the company has used marginal costing rather than absorption costing?
Question 3: a firm has two producing departments; department A and department B. department A processes the raw materials and then transfer it to department B. after department B has put on its finishing touches, it transfers the product to finished goods inventory . during the month, department A put 190000 units into the process and had 42000 ending units in process at the end of the month. department B had 24000 units in process at the end of the month. the firm's direct material is added at the beginning of the production process in department A. department A's ending units in the process were 60% complete with respect to conversion costs the number of equivalent units completed in department A during the month with respect to conversions costs was?
Question 4: for the current year, a company incurred $150000 in actual manufacturing overhead cost. the manufacturing overheads account showed that overheads were over applied to amount of $6000 for the year. if the predetermined overhead rate was $8 per direct labour hour, how many hours were worked during the year?
Question 5: you are a management accountant at one of the famous resort company offering special packages for holidaymakers. accommodation facilities are in the form of chalets with a capacity of 5 family members per chalet. for the whole month of december 2019, it hosted 300 holidaymakers, which is only 95% of full capacity, and all chalets were fully occupied. package 1 has a daily rate of $120 per person, package 2 has a daily rate of $200 per person, and the sales mix ratio is 60:40 respectively. monthly variable costs are $350000 for package 1 and $400000 for package 2 with combined fixed costs of $300000. 1.what is the full capacity of the resort? 2. how many chalets were occupied for package 1 during december? 3. how much revenue is required to break even in december? 4. due to covid-19 impact on the industry , revenue is projected to decrease by 30% and variable costs by 15%. using the same information, how much will be required to break even in the next month?