BI Uab x x V A A Paragraph Styles Dictate V Required: Use Management Accounting techniques...
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BI Uab x₂ x² V A A Paragraph Styles Dictate V Required: Use Management Accounting techniques for example High-Low Method where necessary and applicable. 3.1. 3.2. 3.3. 3.4. 3.5. 3.6. In light of the scenario above, rank these three roofing sheet variants (Basic, Standard and Premium) in the order in which they must be produced by Legacy Roofing Global Ltd Rank Rank 1 being the one to be prioritised. Clearly show your workings. (3 marks) Prepare a budgeted production schedule and a Marginal Costing Income Statement ⚫ (analysed by product) the year ending 31 August 2024 assuming that the Standard contract is honoured. [3 marks for the Production Plan, 5 marks for the Marginal Costing Income Statement] (8 marks) Prepare budgeted production schedule and a Marginal Costing Income Statement (analysed by product) for the first half of 31st August 2024 assuming that the Standard contract is not honoured. [3 marks for the Production Plan, 5 marks for the Marginal Costing Income Statement] (8 marks) Considering quantitative and qualitative issues, critically evaluate then advise Legacy Roofing Global Ltd's Directors whether to accept or reject the Rolco Construction Group's Standard Roofing Sheets Contract. (4 marks] You have now been advised that a new roofing sheets manufacturer that will compete with Legacy Roofing Global Ltd has been established that would force Legacy Roofing Global to reduce its selling price per roofing sheet by 15% in 2024. Protect Supplies Ltd, the supplier of Special Weatherproof Material has also hinted that the price of the Special Weatherproof Material might increase by 10% in 2024. Assuming these changes (15% selling price per sheet reduction and a 10% increase in the Special Weatherproof Material), calculate the Breakeven Point number of sheets and Breakeven Point Revenue (£s) for each product. (3 marks] Critically examine the assumptions and limitations of the Cost-Volume-Profit Analysis technique in relation to Legacy Roofing Global Ltd. (4 marks) NB: In your analysis, please cite credible sources using Legacy Harvard reverencing Style per Birmingham City University (BCU) requirements. Support and guidance can be sought from The Centre for Academic Success and the Library). Question 3 Totals: of 3 814 words LX 31 600 words/equivalent: 30 marks Focus + 128 P W 12 I A Aа v BI Uab x, x 2 x² A V V A V Paragraph Styles Actual results for year ended 31 August 2022 V Dictate Basic Standard Premium Total Sales (Number of sheets) 7,800 24,020 17,860 I Sales Revenue (£) 109,590 473,194 430,426 1,013,210 Raw Materials (£) 24,960 112,894 96,444 234,298 Direct Labour (£) 31,200 127,306 128,592 287,098 Semi-Variable Overheads (£) 42,200 76,350 84,180 202,730 Total Costs Profit/ (Loss) (£) 98,360 316,550 309,216 724,126 11,230 Actual results for year ended 31 August 2023 156,644 121,210 289,084 Basic Standard Premium Total Sales (Number of sheets) 8,300 26,340 21,320 Sales Revenue (£) 116,615 518,898 513,812 1,149,325 Raw Materials (£) 26,560 142,236 136,448 305,244 Direct Labour (£) 42,330 165,942 172,692 380,964 Semi-Variable Overheads (£) 43,100 82,430 98,740 224,270 Total Costs Profit/ (Loss) (£) 111,990 390,608 407.880 910,478 4,625 128,290 105,932 238,847 The selling price per roofing sheet, raw materials, other variable overheads and labour costs per 2023. roofing sheet for year ending 31 August 2024 will be the same as those in year ended 31 August of 3 814 words ㄡ Focus E E 31 128 + Insert Draw Design >> Tell me Comments Editing v @ V LB Arial V 12 A A ▾ Aa Po A B I Uab x₂ x² A A Paragraph Styles Dictate Ed V V く QUESTION 3 below: Legacy Roofing Global Ltd specialises in roofing sheets manufacturing producing three variants 1. Basic - this is transparent mainly for use on garden sheds. 2. Standard - standard quality house roofing sheets. 3. Premium - high quality house roofing sheets. Each of these roofing sheets uses Special Weatherproof Material which blocks outside weather from affecting indoors. Due to industrial actions, the maximum supply of the Special Weatherproof Material as confirmed by Protect Supplies Ltd, the supplier is 312,300 metres. are shown below: Maximum market demand and resource requirements of each of these roofing sheets for year 2024 Budgeted data year ending 31 August 2024 Maximum demand Basic 11,000 Special Weatherproof Material per sheet (metres) 2 Metres Standard 31,000 5 Metres Premium 23,000 6 Metres Legacy Roofing Global Ltd's employs a low cost and no-frills strategy aiming value for money delivery to its customers. To curtail high cost of stock storage, Legacy Roofing Global Ltd operates Weatherproof Material are zero. on a just-in-time production (JIT) method so that opening and closing inventory levels of the Special Without mandate, Amelia Rose Legacy Roofing Global Ltd's Sales Director has already accepted an order for 12,000 Standard Roofing Sheets Contract to Rolco, Construction Group that, if not fulfilled, would incur a financial penalty of £18,000. This order is not included in the Standard's maximum market demand figure. This implies Legacy Roofing Global Ltd should prioritise fulfilment of the Standard Roofing Sheets Contract ahead of normal annual demand requirements. The contract selling price per Standard Roofing Sheet is the same as normal Standard Roofing Sheets. Legacy Roofing Global Ltd's directors need to know whether they should go ahead and satisfy the contract and then prioritise production in the normal way or whether it should consider breaching the Rolco Construction Group's Standard Roofing Sheets Contract. August 2023: You have been provided with the following actual results for years ended 31 August 2022 and of 3 814 words [呕 Focus 31 128 + 9 BI Uab x₂ x² V A A Paragraph Styles Dictate V Required: Use Management Accounting techniques for example High-Low Method where necessary and applicable. 3.1. 3.2. 3.3. 3.4. 3.5. 3.6. In light of the scenario above, rank these three roofing sheet variants (Basic, Standard and Premium) in the order in which they must be produced by Legacy Roofing Global Ltd Rank Rank 1 being the one to be prioritised. Clearly show your workings. (3 marks) Prepare a budgeted production schedule and a Marginal Costing Income Statement ⚫ (analysed by product) the year ending 31 August 2024 assuming that the Standard contract is honoured. [3 marks for the Production Plan, 5 marks for the Marginal Costing Income Statement] (8 marks) Prepare budgeted production schedule and a Marginal Costing Income Statement (analysed by product) for the first half of 31st August 2024 assuming that the Standard contract is not honoured. [3 marks for the Production Plan, 5 marks for the Marginal Costing Income Statement] (8 marks) Considering quantitative and qualitative issues, critically evaluate then advise Legacy Roofing Global Ltd's Directors whether to accept or reject the Rolco Construction Group's Standard Roofing Sheets Contract. (4 marks] You have now been advised that a new roofing sheets manufacturer that will compete with Legacy Roofing Global Ltd has been established that would force Legacy Roofing Global to reduce its selling price per roofing sheet by 15% in 2024. Protect Supplies Ltd, the supplier of Special Weatherproof Material has also hinted that the price of the Special Weatherproof Material might increase by 10% in 2024. Assuming these changes (15% selling price per sheet reduction and a 10% increase in the Special Weatherproof Material), calculate the Breakeven Point number of sheets and Breakeven Point Revenue (£s) for each product. (3 marks] Critically examine the assumptions and limitations of the Cost-Volume-Profit Analysis technique in relation to Legacy Roofing Global Ltd. (4 marks) NB: In your analysis, please cite credible sources using Legacy Harvard reverencing Style per Birmingham City University (BCU) requirements. Support and guidance can be sought from The Centre for Academic Success and the Library). Question 3 Totals: of 3 814 words LX 31 600 words/equivalent: 30 marks Focus + 128 P W 12 I A Aа v BI Uab x, x 2 x² A V V A V Paragraph Styles Actual results for year ended 31 August 2022 V Dictate Basic Standard Premium Total Sales (Number of sheets) 7,800 24,020 17,860 I Sales Revenue (£) 109,590 473,194 430,426 1,013,210 Raw Materials (£) 24,960 112,894 96,444 234,298 Direct Labour (£) 31,200 127,306 128,592 287,098 Semi-Variable Overheads (£) 42,200 76,350 84,180 202,730 Total Costs Profit/ (Loss) (£) 98,360 316,550 309,216 724,126 11,230 Actual results for year ended 31 August 2023 156,644 121,210 289,084 Basic Standard Premium Total Sales (Number of sheets) 8,300 26,340 21,320 Sales Revenue (£) 116,615 518,898 513,812 1,149,325 Raw Materials (£) 26,560 142,236 136,448 305,244 Direct Labour (£) 42,330 165,942 172,692 380,964 Semi-Variable Overheads (£) 43,100 82,430 98,740 224,270 Total Costs Profit/ (Loss) (£) 111,990 390,608 407.880 910,478 4,625 128,290 105,932 238,847 The selling price per roofing sheet, raw materials, other variable overheads and labour costs per 2023. roofing sheet for year ending 31 August 2024 will be the same as those in year ended 31 August of 3 814 words ㄡ Focus E E 31 128 + Insert Draw Design >> Tell me Comments Editing v @ V LB Arial V 12 A A ▾ Aa Po A B I Uab x₂ x² A A Paragraph Styles Dictate Ed V V く QUESTION 3 below: Legacy Roofing Global Ltd specialises in roofing sheets manufacturing producing three variants 1. Basic - this is transparent mainly for use on garden sheds. 2. Standard - standard quality house roofing sheets. 3. Premium - high quality house roofing sheets. Each of these roofing sheets uses Special Weatherproof Material which blocks outside weather from affecting indoors. Due to industrial actions, the maximum supply of the Special Weatherproof Material as confirmed by Protect Supplies Ltd, the supplier is 312,300 metres. are shown below: Maximum market demand and resource requirements of each of these roofing sheets for year 2024 Budgeted data year ending 31 August 2024 Maximum demand Basic 11,000 Special Weatherproof Material per sheet (metres) 2 Metres Standard 31,000 5 Metres Premium 23,000 6 Metres Legacy Roofing Global Ltd's employs a low cost and no-frills strategy aiming value for money delivery to its customers. To curtail high cost of stock storage, Legacy Roofing Global Ltd operates Weatherproof Material are zero. on a just-in-time production (JIT) method so that opening and closing inventory levels of the Special Without mandate, Amelia Rose Legacy Roofing Global Ltd's Sales Director has already accepted an order for 12,000 Standard Roofing Sheets Contract to Rolco, Construction Group that, if not fulfilled, would incur a financial penalty of £18,000. This order is not included in the Standard's maximum market demand figure. This implies Legacy Roofing Global Ltd should prioritise fulfilment of the Standard Roofing Sheets Contract ahead of normal annual demand requirements. The contract selling price per Standard Roofing Sheet is the same as normal Standard Roofing Sheets. Legacy Roofing Global Ltd's directors need to know whether they should go ahead and satisfy the contract and then prioritise production in the normal way or whether it should consider breaching the Rolco Construction Group's Standard Roofing Sheets Contract. August 2023: You have been provided with the following actual results for years ended 31 August 2022 and of 3 814 words [呕 Focus 31 128 + 9
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31 In light of the scenario above rank these three roofing sheet variants Basic Standard and Premium in the order in which they must be produced by Legacy Roofing Global Ltd Rank 1 being the one to be ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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