Question: ASAP please answer with solution Question 1 In 2019, Ymir Company sold its single product for Php10 each. Variable manufacturing costs amounted to Php2.00 per

ASAP please answer with solution

Question 1

In 2019, Ymir Company sold its single product for Php10 each. Variable manufacturing costs amounted to Php2.00 per unit. The company needed to sell 17,600units last year in order to breakeven. The net after-tax income last year was Php4,435.20 subjected to a tax rate of 30%. Ymir's expects that sales price will increase to Php12.00, variable manufacturing costs will increase by 1/2 and that fixed costs will increase by 8%.

According to Ymir's expectations for the next year, how many units should it be in order to breakeven?

Group of answer choices

16,459 units

17,600 units

15,986 units

16,896 units

Question 2

Rukia Company manufactures water pumps and uses a standard cost system. The standard overhead costs per water pump are based on direct labor hours and are as follows:

Variable overhead (4 hours at Php8 per hour)Php 32Fixed overhead (4 hours at Php5 per hour)Php 20

The fixed OH rate is based on a capacity of 140,000 direct labor hours per month.

The following information is available for the month of July:

  • 30,8000 pumps were produced although 35,000 had been scheduled for production
  • 131,600 direct labor hours were worked at a total cost of Php 1,316,000
  • the standard direct labor rate is Php9 per hour
  • the standard direct labor time per unit is 4 hours
  • Variable overhead costs were Php 1,036,000
  • Fixed overhead costs were Php 756,000

Ichigo's variable overhead efficiency variance for July was

Group of answer choices

Php 280,000 UF

Php 134,000 UF

Php 84,000 F

Php 67,200 UF

Question 3

In 2019, Frieda Company sold its single product for Php10 each. Variable manufacturing costs amounted to Php2.00 per unit. The company needed to sell 17,600units last year in order to breakeven. The net after-tax income last year was Php4,435.20 subjected to a tax rate of 30%. Frieda's expects that sales price will increase to Php12.00, variable manufacturing costs will increase by 1/2 and that fixed costs will increase by 8%.

If Frieda desires to maintain the same contribution margin rate as last year, what should its selling price be in 2019?

Group of answer choices

Php11.00

Php12.00

Php15.00

Php8.80

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