Question: please help me answer the questions below, you dont need to show calculations Last month when a company had an opening inventory of 16 500




Last month when a company had an opening inventory of 16 500 units and a closing inventory of 18 000 units, the profit using marginal costing was $25 000. The fixed production overheard rate was $10 per unit What would the profit for last month have been using Absorption costing? Milka cc makes a total profit of N$40,000 from the sale of their 3 products - A, B and C 2,500 units of product A, 1,500 units of B and 1000 units of product C were produced and sold in the previous period. Milka cc incurs further cost of N$4 per unit before selling each product Total joint costs of N$60,000 were allocated to the individual products in the ratio of 5:32, using the net-realizable value method Calculate the net-realizable value of product B. N$ Sales 2 300 000 Less: Variable expense (1 080 000) Contribution 1 220 000 Less: Fixed expenses (915 000) Net profit 305 000 By how much will net profit increase (expressed as a percentage) if sales increase by 10%? ha Milka's produces 3,000 units of product Lush, 1,000 of product Bursh and 500 units of product Gold The company incurs a total of NS90 direct cost per unit to make a profit N$40/unit, Milka's selis product Bursh at a total of N$230,000. The company incurs overhead costs through a total of 25,000 machine hours, 40% of which are used to produce product Lush 20% are used to produce Bursh and 40% are used to produce Gold Calculate the total overheads incurred for product Bursh The following information was obtained from the books of Everyday Ltd: Manufacturing cost per unit: NS Fixed 3.5 Variable 5.5 Selling and administrative cost per unit: Fixed 0.5 Variable 1.5 Selling price per unit 12 Normal capacity (per month) 8 000 The company manufactured 7 500 and sold 7 000 units during April 2021 During May 2021 8 500 units were manufactured and 9 000 units sold. Actual costs incurred were as per budget. Compute the net profit for May 2021 using the marginal costing system
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
