Please I want you to help me solve that cost operation management question I uploaded. Thanks Classroom1:13 PM@ 1 33%Screenshot_2020_1013_1..Activity 1Alphabet Corporation sells three products: J, K, and L. The following information was taken from arecent budget:Unit salesSelling priceVariable costK130,000$80L30,000$7540,000$60406550Total fixed costs are anticipated to be $2,450,000.Required:A. Determine Alphabet's sales mix.B. Determine the weighted-average contribution margin.C. Calculate the number of units of J, K, and L that must be sold to break even.

What is the sales mix? The sales mix is the percentage of contribution of different products in a…

Answered: Activity 1 Alphabet Corporation sells…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 4CE: Refer to Cornerstone Exercises 2.2 and 2.3. Next year, Pietro expects to produce 50,000 units and...

See similar textbooks

Similar questions

Refer to Cornerstone Exercises 2.2 and 2.3. Next year, Pietro expects to produce 50,000 units and sell 49,300 units at a price of 12.50 each. Beginning inventory of finished goods is 42,500, and ending inventory of finished goods is expected to be 34,000. Total selling expense is projected at 26,000, and total administrative expense is projected at 134,000. Required: 1. Prepare an income statement in good form. Be sure to include the percent of sales column. 2. What if the cost of goods sold percentage for the past few years was 65 percent? Explain how management might react.
Ques 4 - Company has prepared the following summary from its functional budgets for the year ended 30th September 2020. Particulars Amount (in Rs.) Amount (in Rs.) Sales(1,00,000 units) 15,00,000 Opening Inventory( Zero Units) Nil Production Costs (1,15,000 units) Direct materials 4,60,000 Direct labour 5,75,000 Variable overhead 1,15,000 Fixed overhead 2,30,000 1,380,000 Closing inventory (15,000 units) (1,80,000) Cost of Sales 1,200,000 Gross Profit 3,00,000 Other overhead fixed costs (2,00,000) Net Profit 1,00,000 The directors of the company have now met to review the above statement. They have decided to revise the budget as follows: Due to competition, reduce the selling price by Rs.5 per unit and despite the reduction in selling price the demand for the product will reduce to 90,000 units. Increase some of the unit production…
Ay 1 mcqs Bushman Ltd is preparing its manufacturing overhead budget for 2022. Relevant data are as follows: 1. Units to be produced (by quarters): 10,000, 12,000, 15,000, 18,000 2. Direct labour: 1.5 hours per unit 3. Variable overhead costs per direct labour hour Indirect materials $0.70 Indirect labour $1.20 Maintenance $0.50 4. Fixed overhead costs per quarter Supervisory salaries $35,000 Depreciation $16,000 Maintenance $15,000 1.) The total manufacturing overhead costs for the year is a. $130,800 b. $462,000 c. $500,000 d. $264,000 2.) The total fixed costs for quarter 3 is a. $55,000 b. $57,750 c. $64,000 d. $66,000 3.)How much is the total direct labour hours for quarter 4? a. 27,000 b. 22,500 c. 18,000 d. 15,000 4.)How much is the total direct labour hours for the year? a. 55,000 b. 82,500 c. 198,000 d. 140,000 5.)The total manufacturing overhead costs for quarter 1 is a. $109,200 b. $102,000 c. $120,000 d. $130,800 6.)How much is the total direct labour hours for…
MCQS: 1) Evergreen Corporation manufactures circuit boards and is in the process of preparing next year's budget. The pro forma income statement for the current year is presented below. Sales $ 3,500,000 Cost of sales: Direct Material $ 500,000 Direct labor 250,000 Variable Overhead 275,000 Fixed Overhead 600,000 1,625,000 Gross Profit $ 1,875,000 Selling and General & Admin. Exp. Variable 750,000 Fixed 250,000 1,000,000 Operating Income $ 875,000 For the coming year, the management of Evergreen Corporation anticipates a 5 percent decrease in sales, a 10 percent increase in all variable costs, and a $45,000 increase in fixed costs. The operating profit for next year would be: A $477,500. B $492,500. C $831,250. D $552,500. 2) Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the most recent…
Practice 1:The following data has been extracted from the operating records of HPPT SolutionSdn Bhd for the last two quarters of the year to 31 December 2020: Quarter 3Production units 7,000Sales units 5,500RMSelling price per unit 100Variable manufacturing cost per unit:Direct material cost 20Direct labor cost 15Variable overheads 10Fixed production overheads are budgeted at RM120,000 for a budgeted productionof 8,000 units per quarter. These overheads are absorbed on per unit of productionbasis.Non-production overheads comprised:Fixed administration expenses RM40,000 per quarter.Selling and distribution expenses are 10% of sales.You are required to prepare an income statement under:(a) Marginal costing and(b) Absorption costing.
Q4 Olwethu Ltd manufactures and sells two products, Nike and Carvela shoes. The following information relates to the two products for the financial year ended 31 Dec ember 2014: Nike Carvela Budgeted sales(in units) 105 000 112 000 Selling price per unit R20 R22 Required opening inventory 30 900 40 100 Required closing inventory 29 000 21 500 The budgeted sales for Nike are___________. Select one: a. R2 464 0000 b. R2 310 000 c. R2 100 0000 d. R4 410 000
q3: Flexible budget for a product as prepare by Anchor Ltd, is given below: Sales – unit 10,000 15,000 20,000 Rs. Rs. Rs. Sales 800,000 1,200,000 1,600,000 Manufacturing cost: Variable 300,000 450,000 600,000 Fixed 200,000 200,000 200,000 Total manufacturing cost 500,000 650,000 800,000 Marketing and other expenses: Variable 200,000 300,000 400,000 Fixed 160,000 160,000 160,000 Total Marketing and other exp 360,000 460,000 560,000…
Q3: Flexible budget for a product as prepare by Anchor Ltd, is given below: Sales – unit 10,000 15,000 20,000 Rs. Rs. Rs. Sales 800,000 1,200,000 1,600,000 Manufacturing cost: Variable 300,000 450,000 600,000 Fixed 200,000 200,000 200,000 Total manufacturing cost 500,000 650,000 800,000 Marketing and other expenses: Variable 200,000 300,000 400,000 Fixed 160,000 160,000 160,000 Total Marketing and other exp 360,000 460,000 560,000 Operating…
Q20 Olwethu Ltd manufactures and sells two products, Nike and Carvela shoes. The following information relates to the two products for the financial year ended 31 Dec ember 2014: Nike Carvela Budgeted sales(in units) 105 000 112 000 Selling price per unit R20 R22 Required opening inventory 30 900 40 100 Required closing inventory 29 000 21 500 The budgeted sales for Carvela are___________. Select one: a. R2 310 000 b. R2 100 0000 c. R2 464 0000 d. R4 410 000
AN: Q3 Q4 The budget director of Birds and Beyond, Inc., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for January 2021: Estimated sales for January: Birdhouse                                         7.500 units at $66 per unit Bird feeder                                       5,000 units at $82 per unit Estimated inventories at January 1: Direct Materials:                Finished Products:             Wood: 198 ft.                      Birdhouse: 500 units at $28 per unit.             Plastic: 420 lbs.                   Bird feeder: 210 units at $40 per unit. Desired inventories at January 31: Direct Materials:                Finished Products:             Wood: 220 ft.                      Birdhouse: 400 units at $28 per unit.             Plastic: 340 lbs.                   Bird feeder: 250 units at $40 per unit. Direct materials used in…
Q2: Flexible budget for a product as prepare by Anchor Ltd, is given below: Sales – unit                                     10,000            15,000             20,000                                                              Rs.                   Rs.                   Rs. Sales                                               800,000           1,200,000        1,600,000 Manufacturing cost:             Variable                              300,000           450,000           600,000             Fixed                                   200,000           200,000           200,000 Total manufacturing cost               500,000           650,000           800,000 Marketing and other expenses:             Variable                              200,000           300,000           400,000             Fixed                                   160,000           160,000           160,000 Total Marketing and other exp      360,000           460,000           560,000 Operating income / (loss)…
q1: Flexible budget for a product as prepare by Anchor Ltd, is given below: Sales – unit                                      10,000            15,000             20,000                                                               Rs.                   Rs.                   Rs. Sales                                                800,000         1,200,000        1,600,000 Manufacturing cost:             Variable                               300,000           450,000           600,000             Fixed                                    200,000           200,000           200,000 Total manufacturing cos                 500,000           650,000           800,000 Marketing and other expenses:             Variable                                  200,000           300,000           400,000             Fixed                                       160,000           160,000           160,000 Total Marketing and other exp        360,000           460,000           560,000 Operating income…

SEE MORE QUESTIONS

Recommended textbooks for you

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

EBK CFIN

Finance

ISBN:

9781337671743

Author:

BESLEY

Publisher:

CENGAGE LEARNING - CONSIGNMENT

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

EBK CFIN

Finance

ISBN:

9781337671743

Author:

BESLEY

Publisher:

CENGAGE LEARNING - CONSIGNMENT

SEE MORE TEXTBOOKS