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Question - Xyver Company makes a household appliance with model number Y200. The goal for 2022 is to reduce direct materials usage per unit. No defective units are currently produced. Manufacturing conversion costs depend on production capacity defined in terms of Y200 units that can be produced. The industry market size for appliances increased 10% from 2021 to 2022. The following additional data are available for 2021 and 2022:
2021
2022
Units of Y200 produced and sold
10,000
11,000
Selling price
P100
P95
Direct materials (square feet)
30,000
29,000
Direct material costs per square foot
P10
P11
Manufacturing capacity for X200 (units)
12,500
Total manufacturing conversion costs
P250,000
P220,000
Manufacturing conversion costs per unit of capacity
P20
Required -
1. What is the revenue effect of the price-recovery component?
a. P50,000 F
b. P55,000 U
c. P5,000 U
d. P102,500 F
2. What is the cost effect of the price-recovery component?
a. P31,500 U
b. P33,000 U
c. P2,500 F
d. P30,500 F
3. What is the net effect on operating income as a result of the price-recovery component?
a. increased operating income due to the increased number of units produced and sold
b. increased operating income due to the revenue effect of the price-recovery component
c. decreased operating income due to decreased selling price and inability to recover increased costs
d. decreased operating income due to the inability to recover increased costs
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