Question: Please answer all questions (A, B, C, D)! Please show work and not just the solution! Thanks Q8: (Chapter 3) Dragon Ltd produces one type

Please answer all questions (A, B, C, D)! Please show work and not just the solution! Thanks

Q8: (Chapter 3) Dragon Ltd produces one type of furniture set and the details per month are as follows: Selling Price (per unit): 2,400 1,550 Variable cost per unit (including labour, material and other costs Fixed cost per month Budgeted production/sales per month (in units) 680,000 1,100 a. Calculate profit or loss expected if budget of selling 1,100 units is to be achieved. (2 marks) b. Calculate how many units need to be sold per month in order to achieve break even point (BEP) and briefly explain what it means for Heaven Ltd. (3 marks) c. If shop aims to make a profit of 459,000 per month, how many units should be sold per month. (2 marks) d. Calculate margin of safety in units as well as percentage terms and briefly explain what it means for Dragon Ltd

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

uantitative Analysis BA 452 Homework 3 Questions Homework 3 covers the theory and applications in Lessons I-6 and I-7. This document has four parts: Objectives of doing your homework. Assignment of...

Please answer the following below! b c 1 Question 1: Cost Classifications, CVP Income Statement & Analysis (27 marks) 2 3 Note from Kelly, the junior accountant: Hi there! Welcome to the team. I'm...

Please answer the questions from A to K in excel format, I have provided the template above. Wood Parts-Musical Instruments Ltd Wood Parts-Musical Instruments LTI (WPMI) is a worldwide wooden musical...

For many of us old school gamers, we started out playing good old fashioned board games. Many of us learned strategy from games like Risk and Battleship. For your project, you will be developing a...

Would like your help. Need help with study guides. Thanks. FINANCIAL AND MANAGERIAL ACCOUNTING - Fifth Edition E22-32 Requirements 1. Prepare a budgeted income statement with columns for 1,300 units,...

\fThis is an electronic version of the print textbook. Due to electronic rights restrictions, some third party content may be suppressed. Editorial review has deemed that any suppressed content does...

Set Student Name: 1. Answer true or false for each part, and if false, explain your answer. a. The point estimate for the population mean, , of an x distribution is x-bar, computed from a random...

KINGS OWN INSTITUTE* Success in Higher Education ICT106 DATA COMMUNICATIONS AND NETWORKS T223 Page 1 of 18 AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD ABN: 72 132 629 979 CRICOS 03171A...

I have three assignments that I need your help with. Please provide answers to study guide on answer sheet. Thank you in advance. E20-19 Determining fixed cost per unit Learning Objective 1 90 units...

See page 129- 137 on attachment for more details there are five steps to the project. Step 1: Create the loan amortization schedule for the property. Step 2: Create the depreciation schedule. Step 3:...

All individuals within a society do not have the same exposures to economic, technological, social, political, cultural and religious factors. Such exposures come from Individual positions, Family...

You are asked to value a large building in northern New Jersey. The valuation is needed for a bankruptcy settlement. Here are the facts: ? The settlement requires? that the building?s value equal the...

Describe the four-step process of figuring out your monthly budget. Choose the correct answer below. A. First, list all monthly income. Next, list all monthly credit card debt. Then subtract total...

defferentiate between mora debitori and mora creditoris

b. On the sociability continuum, place a mark where you feel she belongs.

a. Cover the screen with a towel or newspaper and try to identify the style of one or two persons, using voice only.

c. On the basis of these two continua, determine Oprah Winfreys communication style. d. In your opinion, does Oprah Winfrey display style flexibility?