Bling Manufacturer has the following Statement of Profit or Loss for the year ended 31 December...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Bling Manufacturer has the following Statement of Profit or Loss for the year ended 31 December 2018. Sales (10,000 units) Cost of Sales: Direct Materials Direct Labour Variable factory overhead Fixed factory overhead Gross Profit Variable selling & administrative expenses Fixed selling & administrative expenses Net Profit 330,000 200,000 180,000 38,000 160,000 20.000 RM1,450,000 748.000 702,000 180.000 522.000 Required: (1) Compute the company's break-even points in units. (ii) Compute the sales needed (in dollar value) to make a profit of RM232,000 for the company. (iii) Compute the selling price to achieve a profit of RM74,000, assuming the sales volume is 12,000 units and all costs remain unchanged. Bling Manufacturer has the following Statement of Profit or Loss for the year ended 31 December 2018. Sales (10,000 units) Cost of Sales: Direct Materials Direct Labour Variable factory overhead Fixed factory overhead Gross Profit Variable selling & administrative expenses Fixed selling & administrative expenses Net Profit 330,000 200,000 180,000 38,000 160,000 20.000 RM1,450,000 748.000 702,000 180.000 522.000 Required: (1) Compute the company's break-even points in units. (ii) Compute the sales needed (in dollar value) to make a profit of RM232,000 for the company. (iii) Compute the selling price to achieve a profit of RM74,000, assuming the sales volume is 12,000 units and all costs remain unchanged.
Expert Answer:
Answer rating: 100% (QA)
Lets calculate the requested points i BreakEven Point in Units The BreakEven Point is the level of s... View the full answer
Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730363415
6th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver
Posted Date:
Students also viewed these accounting questions
-
Research various organizational issues that IKEA has faced and examine how changes in managerial competency positively or negatively impacted organizational effectiveness. Analyze the specific...
-
The following is the trial balance of AmazeRock Sdn. Bhd. as at 31 December 2019. Debit Credit RM RM Sales 1,077,000 Inventory as at 1 January 2019: Raw materials 16,000 Work-in-progress 11,000...
-
The most recent statement of profit or loss for Whitney Company appears below. All variable expenses in the company vary in terms of unit sold, except for sales commissions, which are based on...
-
Brandon Stroud was driving a golf car made by Textron, Inc., to transport guests at Christmas party. The golf car did not have lights, but Textron did not warn against using it on public roads at...
-
The wave function for a standing wave on a string is described by y(x, t) = 0.02 sin 4px cos 60pt, where y and x are in meters and t is in seconds. Determine the maximum displacement and maximum...
-
1. Use the following sentence to answer the question below: "The rose is red, thorny, green, and hurts (causes me displeasure) when I touch it." What is the immediate experience in the example? 2....
-
Which of the following is correct about the AlCPA's attestation standards? a. The attestation standards supersede generally accepted auditing standards. b. The attestation standards supersede...
-
The following trial balance was prepared from the ledger accounts of Ricardo Company: When the trial balance failed to balance, the accountant reviewed the records and discovered the following...
-
Define "networking." Then, describe the type of career (i.e., provide a job title) you would like to acquire within the Sport Business industry. Briefly explain the steps you plan to employ in order...
-
New Horizons Co. is a high-tech firm whose owner does not have the required management expertise to run the firm. The owner wants to hire a manager with the required expertise. The continued success...
-
Why is it important to have cultural diversity training? Why isn't regular training on office protocol and behavior enough?
-
In 2019, Gordon Brown was worth about \($85\) billion. Lets see what Gordon Brown can do with his money in the following problems. a. Ill take Hong Kong? China sold Hong Kong to the British for...
-
From 1970 to 2009 did the distribution of income become more equal or more unequal? How did the richest quintiles share change? FIGURE 19.5 The U.S. Gini Ratio: 1970-2009 Gini ratio 0.48 0.46 0.44....
-
Nelson Abuldisi would like to own \($60,000\) in 16 years. To accumulate this amount, he plans to deposit each year an equal sum in the bank, which will earn 8 percent interest compounded annually....
-
James Parkinnen has decided to buy an ad agency in Finland and is going to finance the purchase with seller financingthat is, a loan from the current owners of the agency. The loan will be for...
-
Wilson Phung has signed a contract that will pay him \($89,000\) at the beginning of each year for the next 8 years, plus an additional \($124,000\) at the end of year 8. If 7 percent is the...
-
Find the distance between: (-1,-2) and (-8,8) Round your answer to the nearest hundredth.
-
Floyd Distributors, Inc., provides a variety of auto parts to small local garages. Floyd purchases parts from manufacturers according to the EOQ model and then ships the parts from a regional...
-
What is the purpose of a statement of profit or loss for an entity? List typical items that you would see in the statement of profit or loss for a florist.
-
Find the missing figure for each of the following independent cases. Selling price/unit $40 18 e. 8 5 Variable costs/unit $20 C. 20 6 i. Units sold 60 000 10000 50 000 100 000 500 000 Contribution...
-
Graph the trend in JB Hi-Fi Ltds monthly share price over the past two years.
-
For each of the following sets of numbers, calculate a \(95 \%\) confidence interval for the mean ( \(\sigma\) known); before going through the steps in calculating the confidence interval, the...
-
Consider a 3 -year \(10 \%\) coupon bond. The underlying short rate of interest follows a lattice with initial value of \(R=1.15\) and then has an factor of 1.02 , a down factor of .99 , and...
-
Using the density function of the stopping time probability for a fixed \(\lambda\), find the average time to the first event over the entire interval \([0, \infty)\).
Study smarter with the SolutionInn App