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Question - An umbrella manufacturer makes an average profit of Rs. 50 per unit on a selling price of Rs. 286 by producing and selling 60,000 units at 60% of potential capacity. The cost of sales per unit is as follows:
Direct Materials - Rs. 70
Direct Wages - Rs. 25
Factory Overheads - Rs. 125 (50% variable)
Selling Overheads - Re. 16 (75% fixed)
During the current year the company intends to produce the same number but estimates that the fixed cost would go up by 10% while the rates of direct wages and direct materials will increase by 8% and 6% respectively. However, the selling price cannot be changed.
Under this situation the company gets an offer for a further 20% increase in plant capacity.
Required - What minimum price would you recommend for an acceptance of the offer to insure the manufacturer an overall profit of Rs.33,46,000.
What is the total manufacturing cost per ceiling fan - Brannon Company manufactures ceiling fans and uses an activity-based costing system.
Product X is a consumer product with a retail price of $9.95. Retailer's margins on the product are 40% (based on the selling price to consumers) and wholesaler's margins are 8% (based on the selling price to retailers). The size of the market is ..
Arrow Industries employs a standard cost system in which direct materials inventory is carried at standard cost. Arrow has established the following standards for the prime costs of one unit of product.
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easton corporation makes two diverse boat anchors - a traditional fishing anchor and a high-end yacht anchor - using
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