Question: Only need answer for (C) part b) Micky Foods sells an ice cream for LKR 50 and it costs LKR 25 to produce one ice

Only need answer for (C) part
b) Micky Foods sells an ice cream for LKR 50 and it costs LKR 25 to produce one ice cream (UVC) and has a Fixed cost (FC) of LKR 20000 per year. Note: Equations can be directly applied. i) How much will the organization (Micky foods) need to sell to achieve the break-even? ii) How much will the organization (Micky Foods) need to make a profit of LKR 1000? c) The following costs (LKR) were taken from a manufacturing company for quarter 1(Q1) of the financial year 2019-2020. The revenue of the company during quarter 1 (Q1) of the financial year 2019-2020 is LKR 7,000,000 (Seven Million Rupees). Description Cost (LKR) Planning activities for Quality 250 000 Trainings on ISO 9001 QMS 150 000 Product Recalls 120 000 In-process defects 50 000 Process Improvement Projects 100 000 Supplier/Vendor Audits 70 000 Market returns 120 000 Re-testing of defects 30 000 Quality Inspection 60 000 Testing of samples 50 000 Refunds and complaint cost 25 000 Machine failure analysis 100 000 Calculate the Percentages of Appraisal Costs, Prevention Costs, Internal and External Failure Costs separately. Take the revenue of the company during quarter 1 as the cost base during the periodStep by Step Solution
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