The following information is available for Malumi (Pty) Ltd, the manufacturer of a popularfashion accessory, for...
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The following information is available for Malumi (Pty) Ltd, the manufacturer of a popularfashion accessory, for the months March, April and May 20X1 March 20X1 Opening inventory (units) Production (units) Sales (units) April 20X1 Opening inventory (units) Opening inventory value based on direct costing principles (FIFO) Opening inventory value based on absorption costing principles (FIFO) May 20X1 Production costs - variable (increased by R3 per unit from April 20X1 figures) - fixed Additional information Fixed manufacturing costs remained the same as in March 2011. Variable manufacturing costs per unit remained the same as in March 2011. Production units increased by 10% and sales units by 5% from March 2011 figures. Sales (units) Selling price per unit (May only) Additional information: March May 20X1 Variable sales commission per unit Nil 81 000 ? Required Calculate the closing inventory (in units) at 31 May 20X1. 9 000 R166 500 R209 000 R2 171 500 R 405 515 118 500 R30 R 1,50 The following information is available for Malumi (Pty) Ltd, the manufacturer of a popularfashion accessory, for the months March, April and May 20X1 March 20X1 Opening inventory (units) Production (units) Sales (units) April 20X1 Opening inventory (units) Opening inventory value based on direct costing principles (FIFO) Opening inventory value based on absorption costing principles (FIFO) May 20X1 Production costs - variable (increased by R3 per unit from April 20X1 figures) - fixed Additional information Fixed manufacturing costs remained the same as in March 2011. Variable manufacturing costs per unit remained the same as in March 2011. Production units increased by 10% and sales units by 5% from March 2011 figures. Sales (units) Selling price per unit (May only) Additional information: March May 20X1 Variable sales commission per unit Nil 81 000 ? Required Calculate the closing inventory (in units) at 31 May 20X1. 9 000 R166 500 R209 000 R2 171 500 R 405 515 118 500 R30 R 1,50
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Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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