Ralph & Co. manufacture computer stands. The company prepares annual budgets

and controls the results on a monthly basis. The following is the monthly budget

for December 2010 based on the production and sale of 1,600 units.

Sales

1,600 units

32,000

Direct materials: Plastic 25 per kg 6,000

Colourants 10 per litre 8,000

Direct labour Skilled 2.5 per hour 2,000

Unskilled 2 per hour 5,000

Fixed overheads

6,000 27,000

Budgeted profit

5,000

You are given the following information regarding the events that took place in

December 2010.

(i) During the month a total of 1,900 units were produced and sold for 36,500.

(ii) Material usage was:

(a) 155 kg plastic costing a total of 7,595 was used for production.

(b) 460 litres of colourants costing 9,200 was used during the month.

(iii) Skilled labour worked for 845 hours and cost a total of 2,197 while the

unskilled labour worked 2,375 hours at a cost of 5,225.

(iv) The total cost of the fixed overheads amounted to 5,980.

You are required to prepare the actual profit and loss account and compare the

achievement of the month against the budget. Indicate all variances.

1. In SAP S4/HANA, which order can produce meaningful BI outcomes?(Select the most appropriate option)

Group of answer choices

Dashboards --> Web Intelligence --> Analysis --> Crystal Reports --> BO Explorer

BO Explorer --> Analysis --> Crystal Reports --> Dashboards --> Web Intelligence

Analysis --> Crystal Report --> Dashboards --> BO Explorer --> Web Intelligence

Web Intelligence --> BO Explorer --> Crystal Reports --> Analysis --> Dashboards

BO Explorer --> Analysis --> Web Intelligence --> Dashboards --> Crystal Reports

2. Which statement is correct?(Select the most appropriate option)

In SAP S4/HANA:

Group of answer choices

Accounts receivable integrate Sales and Distribution (SD) and Materials Management (MM)

Accounts receivable integrate Sales and Distribution (SD) and Financial Accounting (FI)

Accounts payable integrate Sales and Distribution (SD) and Materials Management (MM)

Accounts payable integrate Sales and Distribution (SD) and Financial Accounting (FI)

Accounts receivable integrate Materials Management (MM) and Financial Accounting (FI)

Transcribed Image Text:

Question 1) 1 point • A long run cost function is given by the following equation? TC = 1000Q - 30Q² + Q³ Find out the mathematical equations for Long Run Average Cost and Marginal Cost • For what quantity will the average cost be minimized? What is the minimized value of the Average Cost? Question 1) 1 point • A long run cost function is given by the following equation? TC = 1000Q - 30Q² + Q³ Find out the mathematical equations for Long Run Average Cost and Marginal Cost • For what quantity will the average cost be minimized? What is the minimized value of the Average Cost?

Answer rating: 100% (QA)

Here are the calculations with explanations Actual Profit and Loss Account for December 2010 Sales 1... View the full answer