User Account

All Pages

Compute what should be the budgeted sales in units

Assignment Help Managerial Accounting
Reference no: EM132550906

Cultco Company Ltd has set the following direct material standards per unit of product: 2.5 kg @ $3.00 per kg; $7.50 per unit. During April, actual direct material purchased and used amounted to 8000 kg at a cost of $3.10 per kg. Actual production amounted to 3000 units. Determine the total material variance.

Chelonia Ltd manufactures small robot toys. It plans to introduce two products, Speedie and Spunkie. It is anticipated that the product mix will be 40% Speedie and 60% Spunkie. One unit of Speedie will be sold for $100, with variable cost equals $40. For a unit of Spunkie, the selling price will be $120 and the variable cost is $70. The fixed cost for producing the two products is $108 000.

Question a. What is the break-even point in units for each product?

Question b. The company plans to include a safety margin of $20 000 before tax. Assuming a tax rate of 30%, what should be the budgeted sales in units?

Reference no: EM132550906

Questions Cloud

Calculate the issue price of a treasury bill : Explain how the Fed used the discount loan tool immediately following the terrorist attacks on September 11, 2001.
What is tax liability : Chandler is single and reports taxable income of $133,600. What is Tax liability: What is Marginal rate: and What is Average rate
Prepare a table for gross domestic product : Prepare a table for Gross Domestic Product, expenditure based, at 2012 constant prices, annual for the year 2015 through 2018
How do you think it department plays into sarbanes-oxley : Research on the Corporate Fraud at Enron that what happend with them and thn read the sarbanes-oxley act. After that answer the question.
Compute what should be the budgeted sales in units : Compute what should be the budgeted sales in units. The company plans to include a safety margin of $20 000 before tax. Assuming a tax rate of 30%.
What is the margin of safety in dollars and as a ratio : Question - Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2016. What is the margin of safety in dollars and as a ratio
Economic reasoining and appropriate diagram : Explain the following statements with economic reasoining and appropriate diagram(s):
Determine how many kilograms of direct material purchased : Determine how many kilograms of direct material should be purchased during July? If the 30 June inventory of materials was 5000 kg.
Create pseudocode and a flowchart for a modular program : Create pseudocode and a flowchart for a modular program and create both pseudocode and a flowchart to design a modular program

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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