Velukoshi Shoes is a company that produces high quality footwear. The company distributes their products into...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Velukoshi Shoes is a company that produces high quality footwear. The company distributes their products into markets within Namibian towns and neighboring country. In 2023, the plan to manufacture 9 800 units of one of their premium brands. The following information relates to this premium brand: Direct materials Direct labour Indirect labour (40% fixed) Variable overheads Fixed production overheads Selling and distribution overheads Administration REQUIRED: Calculate the following Prime cost Variable production cost Conversion cost 1.1 1.2 1.3 1.4 Total production cost 1.5 Period cost 1.6 Fixed cost per unit 1.7 Total variable cost when 10 000 units are produced Total N$ 520 000 256 000 190 000 525 000 401 000 204 000 102 000 MARKS 2 2 2 2 2 2 2 14 Velukoshi Shoes is a company that produces high quality footwear. The company distributes their products into markets within Namibian towns and neighboring country. In 2023, the plan to manufacture 9 800 units of one of their premium brands. The following information relates to this premium brand: Direct materials Direct labour Indirect labour (40% fixed) Variable overheads Fixed production overheads Selling and distribution overheads Administration REQUIRED: Calculate the following Prime cost Variable production cost Conversion cost 1.1 1.2 1.3 1.4 Total production cost 1.5 Period cost 1.6 Fixed cost per unit 1.7 Total variable cost when 10 000 units are produced Total N$ 520 000 256 000 190 000 525 000 401 000 204 000 102 000 MARKS 2 2 2 2 2 2 2 14
Expert Answer:
Answer rating: 100% (QA)
11 Prime Cost Direct Materials Direct Labor Prime Cost 520000 256000 776000 12 Varia... View the full answer
Related Book For
Business Statistics In Practice Using Data Modeling And Analytics
ISBN: 9781259549465
8th Edition
Authors: Bruce L Bowerman, Richard T O'Connell, Emilly S. Murphree
Posted Date:
Students also viewed these accounting questions
-
A company that produces video equipment, including video cameras and televisions, is attempting to forecast what new products and product innovations might be technologically feasible and that...
-
A company that produces cell phones claims its standard phone battery lasts longer on average than other batteries in the market. To support this claim, the company publishes an ad reporting the...
-
A group of researchers at a company that produces a leading brand of ice cream design an experiment to evaluate the impact of several artificial sweeteners on the texture of the product. It is well...
-
What, if any, product or product line modifications will Outback have to make in the country you chose in order to be successful? Are any changes necessary in the design of the restaurants? Explain...
-
United Parcel Service provides parcel delivery services around the world. The following table shows the various revenue sources for the comparative years ended December 31, 2004 and 2003: 1. Provide...
-
The income statement, statement of retained earnings, and balance sheet for Somerville Company are as follows: The income statement, statement of retained earnings, and balance sheet for Somerville...
-
A simply supported, specially orthotropic plate is subjected to an in-plane compressive load per unit length \(N_{x}\) and an in-plane tensile load per unit length \(N_{y}=-0.5 N_{x}\) as shown in...
-
Farley Company identifies the following items for possible inclusion in the taking of a physical inventory. Indicate whether each item should be included or excluded from the inventory taking. (a)...
-
Write a Widget class according to the UML Diagram. WidgetFactory - numWidgets : int - WIDGETS_PER_HOUR: double = 10.0 |- NUM_SHIFTS: int = 2 - HOURS_PER_SHIFT: int = 8 + setNumWidgets(n: int): void...
-
The following information is available for the preparation of the governmentwide financial statements for the city of Southern Springs as of April 30, 2020: From the preceding information, prepare,...
-
Provide an interpretation of the i) p-value of the estimated slope coefficient, ii) slope coefficient, and iii) R-squared How does the value of the company change when the dollar depreciates? How...
-
What is creativity and innovation? (Concept of creativity and innovation) Give a real-life experience in organizational behavior issues related to creativity and innovation. Personal development...
-
Bill's Boards (BB) is an outdoor advertising company founded by William Longfall. William knows very little accounting so he hired a friend to "keep the books." Unfortunately, William did not review...
-
Following are the capital account balances and profit and loss percentages (indicated parenthetically) for the Alden, Boyd, and Carmel partnership: Alden (40%) Boyd (40%) Carmel (20%) $ 220,000...
-
Suppose your firm earns $2 million in taxable income. What is the firm's tax liability? What is the average tax rate? What is the marginal tax rate? 1. ii. Taxable Income 0 and under 50,000 50,000...
-
1. What electrical quantity cannot be changed by a transformer? a. Voltage b. Current c. Impedance d. Frequency 2. An isolation transformer: a. Has its primary and secondary windings electrically and...
-
Transactions during 2020 of the newly organized SKL Corporation included the following: Jan. 2 Jan 15 Apr. 30 July 1 Paid legal fees of P260,000 and stock certificate costs of P94.000 to complete...
-
Repeat Exercise 16.6 using the t-test of the coefficient of correlation. Is this result identical to the one you produced in Exercise 16.6?
-
What does the Central Limit Theorem tell us about the sampling distribution of the sample mean?
-
Figure 3.37 gives five-number summaries comparing the base yearly salaries of employees in marketing and employees in research for a large company. Interpret these summaries. FIGURE 3.37 Five-Number...
-
Explain why it might be convenient to approximate binomial probabilities by using areas under an appropriate normal curve.
-
Describe the working of a Carnot cycle.
-
Define thermal efficiency of a heat engine.
-
What are the limitations of Carnot cycle?
Study smarter with the SolutionInn App