A lorry load of material of mixed goods was purchased for $.1,00,000 Later on these were sorted out into the following categories: Category A :1,000 units - Selling price, $.20 per unit.. Category B: 2,000 units - Selling price, $.22.50 per unit Category C:2,400 units - Selling price $.25 per unit. Find out the purchase rate per unit of each category of the material assuming that all grades yield the same rate of profit.
A lorry load of material of mixed goods was purchased for $.1,00,000 Later on these were sorted out into the following categories: Category A :1,000 units - Selling price, $.20 per unit.. Category B: 2,000 units - Selling price, $.22.50 per unit Category C:2,400 units - Selling price $.25 per unit. Find out the purchase rate per unit of each category of the material assuming that all grades yield the same rate of profit.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Question 7:A lorry load of material of mixed goods was purchased for $.1,00,000 Later on these were sorted out into the following categories: Category A :1,000 units - Selling price, $.20 per unit.. Category B: 2,000 units - Selling price, $.22.50 per unit Category C:2,400 units - Selling price $.25 per unit. Find out the purchase rate per unit of each category of the material assuming that all grades yield the same rate of profit.
![Calculate the material cost for 5,000 kgs. and per kgs. of material when the purchaser
2. A lorry load of material of mixed goods was purchased for 1,00,000. Later on these were s
purchase 5,000 kgs. of material, assuming containers are returned in due course.
[Material Cost 18,700; Per Unit 3.74]
Ans.
into the following categories:
2
Selling price
20 per unit
Category A
1,000 units
2,000 units
Category B
Selling price
22.50 per unit
Category C
2,400 units
Selling price
25 per unit
Find the purchase rate per unit of each category of the material assuming that all grades yield
of profit.
Ans.
[Category A-16; Category B-18; Category C-20]
3.
After inviting tenders, two quotations are received as under :
Supplier A- 2.20 per unit
Supplier B-2.10 per unit plus 2,000 fixed charges irrespective of units ordered.
Calculate the order quantity for which the purchase price per unit will be the same. Considen
factors regarding production requirements and availability of finance, the purchase officer wants
an order for 15.000 units. Which supplier should be selected ?
Ans. [20,000
per A]
The part
as follow
ng to 1,200 kgs of a certain raw mat
are available
20 per kg
25% on inv
on invoice
nt-10% or
of aggreg
ges-256
ainers @
eturned wi
load of m
ding and
bove, you
te of each
of any
w mater
gedo
OC
12,00
loss
rter.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F45d016b4-86a4-491d-8c50-a5037d7e9c9b%2F76fa0a35-c818-4f9f-b979-8bf6ff31f962%2F89symgr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Calculate the material cost for 5,000 kgs. and per kgs. of material when the purchaser
2. A lorry load of material of mixed goods was purchased for 1,00,000. Later on these were s
purchase 5,000 kgs. of material, assuming containers are returned in due course.
[Material Cost 18,700; Per Unit 3.74]
Ans.
into the following categories:
2
Selling price
20 per unit
Category A
1,000 units
2,000 units
Category B
Selling price
22.50 per unit
Category C
2,400 units
Selling price
25 per unit
Find the purchase rate per unit of each category of the material assuming that all grades yield
of profit.
Ans.
[Category A-16; Category B-18; Category C-20]
3.
After inviting tenders, two quotations are received as under :
Supplier A- 2.20 per unit
Supplier B-2.10 per unit plus 2,000 fixed charges irrespective of units ordered.
Calculate the order quantity for which the purchase price per unit will be the same. Considen
factors regarding production requirements and availability of finance, the purchase officer wants
an order for 15.000 units. Which supplier should be selected ?
Ans. [20,000
per A]
The part
as follow
ng to 1,200 kgs of a certain raw mat
are available
20 per kg
25% on inv
on invoice
nt-10% or
of aggreg
ges-256
ainers @
eturned wi
load of m
ding and
bove, you
te of each
of any
w mater
gedo
OC
12,00
loss
rter.
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