Please solve part (i) to part (iii) QUESTION 2 (CHAPTER 3)A. Umar and Osman manufacture and sell energy drinks. The drinks are sold for RM9.10a bottle to the distributor. The data below is related to the product of energy drinksin 2021.Units production150,000120,000RMRM55,50018,00024,000Direct materials44,400Bottles14,400Direct labour cost19,200Manufacturing factory rentalManufacturing factory utilitiesManagement salariesAdministrative expensesDelivery costsFactory Supervisors SalariesSalesman salaryDepreciation factory equipmentAdvertising expense6,70028,60021,00029,0005,3008,00022,1006,70023,20021,00029,0004,7008,00017,9003,6001,0003,6001,000222,800Total193,100REQUIRED:) Identify the cost behavior for each item cost. (CLO3, C3)i) Calculate the variable cost per unit and the fixed cost for each mixed cost. (CLO3,C3)i) Determine the cost of direct material and salesman salary if the company produces*XX,XXX (80,000-90,000) bottles of drink. (CLO3, C3)iv) If production unit is *XXXXX (90,000 – 110,000): (CLO3, C3)a) Calculate total product costb) Calculate total period costv) Form cost function for: (CLO3, C3)a) Product costb) Period cost"substitute the XXXXXX with your own amount according to the range given

*As per bartleby guidelines, in case of interlinked question answer first 3 only Fixed Cost - are…

QUESTION 2 (CHAPTER 3) A Umar and Osman manufacture and sell energy drinks. The drinks are sold for RM9.10 a bottle to the distributor. The data below is related to the product of energy drinks in 2021. Units production 150,000 120,000 RM RM Direct materials Bottles Direct labour cost Manufacturing factory rental Manufacturing factory utilities Management salaries Administrative expenses Delivery costs Factory Supervisors Salaries Salesman salary Depreciation factory equipment Advertising expense Total 55,500 18,000 24,000 6,700 28,600 44,400 14,400 19,200 6,700 23,200 21,000 29,000 5,300 8,000 21,000 29,000 4,700 8,000 17,900 3,600 22,100 3,600 1,000 1,000 222,800 193,100 REQUIRED: » Identify the cost behavior for each item cost. (CLO3, C3) i) Calculate the variable cost per unit and the fixed cost for each mixed cost. (CLO3, C3) i) Determine the cost of direct material and salesman salary if the company produces *XX,XXX (80,000-90,000) bottles of drink. (CLO3, C3) iv If production unit is *XXXXX (90,000 – 110,000): (CLO3, C3) a) Calculate total product cost b) Calculate total period cost v) Form cost function for: (CLO3, C3) a) Product cost b) Period cost

QUESTION 2 (CHAPTER 3) A Umar and Osman manufacture and sell energy drinks. The drinks are sold for RM9.10 a bottle to the distributor. The data below is related to the product of energy drinks in 2021. Units production 150,000 120,000 RM RM Direct materials Bottles Direct labour cost Manufacturing factory rental Manufacturing factory utilities Management salaries Administrative expenses Delivery costs Factory Supervisors Salaries Salesman salary Depreciation factory equipment Advertising expense Total 55,500 18,000 24,000 6,700 28,600 44,400 14,400 19,200 6,700 23,200 21,000 29,000 5,300 8,000 21,000 29,000 4,700 8,000 17,900 3,600 22,100 3,600 1,000 1,000 222,800 193,100 REQUIRED: » Identify the cost behavior for each item cost. (CLO3, C3) i) Calculate the variable cost per unit and the fixed cost for each mixed cost. (CLO3, C3) i) Determine the cost of direct material and salesman salary if the company produces XX,XXX (80,000-90,000) bottles of drink. (CLO3, C3) iv If production unit is XXXXX (90,000 – 110,000): (CLO3, C3) a) Calculate total product cost b) Calculate total period cost v) Form cost function for: (CLO3, C3) a) Product cost b) Period cost

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Consider the info provided below as well as the financial statement and answer the questions that follows Pearson & Litt is a manufacturing company in the Eastern Cape. Their factory manufactures glass wine bottles for the Blue Valley Beer Co. 2019 2020 Sales price per unit R15 R19 Variable cost per unit R6 R7 Fixed cost (FC) per annum R650 000 R 855 500 Fixed cost per unit R 3 R 4 Current assets R 450 600 R 560 700 Current liabilities R 510 000 R 780 000 Retained profit R 21 809 R 17 600 Net Sales R 2 900 320…
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