User Account

All Pages

What is the present profit of the company

Assignment Help Cost Accounting
Reference no: EM132995196

Question - ABC factory produces 24,000 units. The cost sheet gives the following information:

Direct Labour Rs. 84,000

Direct Materials Rs. 1,20,000

Variable overheads Rs. 48,000

Semi variable overheads Rs. 28,000

Fixed overheads Rs. 80,000

Total Cost Rs. 3,60,000

Presently the product is sold at Rs. 20 per unit.

The management proposes to increase the production by 3,000 units for sales in the foreign market. It is estimated that semi-variable overheads will increase by Rs. 1,000. But the product will be sold at Rs. 14 per unit in the foreign market. However, no additional capital expenditure will be incurred

Required -

Q1. What is the present profit of the company?

Q2. What is the proposed profit of the company in the new market?

Q3.What is a suggestion for a new market proposal whether the proposal accept or not?

Reference no: EM132995196

Questions Cloud

A visual representation of learning profile : A visual representation of learning profile. You may use the Personal Learning Profile.docx 4- or create an image of your own
What is the total interest income : The bonds have a par of $40,000, pay interest at a 4% annual rate and have 5 years until maturity. What is the total Interest Income
Determine the total amount of his contributions : For a person's retirement in 30 years, this person plans to make monthly contributions of $25 to an ordinary annuity. Determine the total amount
What is its expected? return : Suppose the? risk-free return is 4.2% and the market portfolio has an expected return of 9.6%. What is its expected? return
What is the present profit of the company : The management proposes to increase the production by 3,000 units for sales in the foreign market. What is the present profit of the company
Business communication and management : Business Communication and Management and Identify and apply effective communication methods within a business and academic environment.
What is the intrinsic p-b ratio : Its current BPS is $9.27 and it has a required return of 8.2%. The firm has a full dividend payout policy. What is the intrinsic P/B ratio (approx.)
Briefly outline what is a just-in-time system : Briefly outline what is a Just-in-Time system and explain why inventory holding cost can be regarded as being underestimated traditionally
Record the journal entries for the transactions : Record the journal entries for the following transactions: March 10: 300 units of raw materials were purchased on account at $5.50 per unit

Reviews

Write a Review

Cost Accounting Questions & Answers

  Journalize the september transactions - rand equipment

Prepare a trial balance at September 30, journalize and post adjusting entries and prepare an adjusted trial balance.

  Prepare a cvp income statement for the quarter ended

Hamby Inc. has sales of $ 2,000,000 for the forst quarters of 2014. In making the sales the company incurred the following costs and expense Variable Fixed Cost of Good sold $760,000 $600,000 Selling expenses $ 95,000 $ 60,000 Administrative expense..

  What your recommendation regarding final allocation amounts

When all issues related to the decision are considered, what is your recommendation regarding the final allocation amounts?

  What are imports

If Net exports are -$114 billion and the exports are $857 billion. What are imports? that is, in fact, negative 114 in this illustration.

  Evaluate peters 2012 diluted earnings per share

Evaluate Peter's 2012 diluted earnings per share. Evaluate the amount of retained earnings available for dividends at the end of 2013?

  What are the equivalent unit production for the month of jan

What are the equivalent unit production for the month of January , 2020? All materials are introduced at the beginning of the process in Department 1.

  1 what restriction on federal employees are contained in

1. what restriction on federal employees are contained in the the antideficiency act? give an example of each.2. the

  Find the predetermined overhead rate used to apply

Find the predetermined overhead rate used to apply administrative costs to the two services assuming SMI uses the revenue to allocate administrative costs.

  Explain potential pros of adopting participative budgeting

Describe and explain two potential advantages of adopting participative budgeting in this context. Sally is the CFO of a tourism agency.

  Prepare a post-closing trial balance

Journalize and post the closing entries. Indicate closed accounts by inserting a line in both balance columns opposite the closing entry and prepare a post-closing trial balance.

  Write brief about the case study

Write brief about the case study - Suggestion about the best costing approach suitable for the scenario

  Prepare schedules for cost of goods manufactured

Prepare schedules for cost of goods manufactured and cost of goods sold. Prepare an absorption-costing income statement for Palmer Manufacturing.

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