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[10 Marks) Hukuntsi Traders (Pty) Ltd manufactures leather bags. The following information was extracted from their...
3. Trade Traders (Pty) Ltd manufactures a single product. The following information was extracted from their...
3. Trade Traders (Pty) Ltd manufactures a single product. The following information was extracted from their budget for the year ended 30 June 2015. [16 Marks] Variable cost per unit P350 Total sales 1800 units Fixed costs P600,000 Selling price per unit P750 Calculate the following: (where applicable round off to the nearest Pula) Breakeven value using contribution margin ratio (4 Marks) (a). (b), Margin of safety (by value) (3 Marks) (c). Sales units required for a profit of P200,000...
Moon (Ltd) manufacture specially treated garden benches. The following information was extracted from the budget for...
Moon (Ltd) manufacture specially treated garden benches. The following information was extracted from the budget for the year ended 29 February 2016: Estimated sales for the financial year 2 000 units Selling price per garden bench R450 Variable production cost per garden bench: - Direct material - Direct labour - Overheads R135 R90 R45 Fixed production overheads R127 500 Selling and administrative expenses: - Salary of sales manager for the year - Sales commission R75 000 10% of sales Required:...
QUESTION 1 50 MARKS You have recently joined Slam (Pty) Ltd, a company that manufactures and...
QUESTION 1 50 MARKS You have recently joined Slam (Pty) Ltd, a company that manufactures and distributes brake pads to the automotive industry, as a financial accountant. The managing director and majority shareholder has asked you to assist him in interpreting the draft financial results for the year ended 30 June 2020 and to review the budget for the new financial year. The company uses first-in-fist out method of inventory valuation. As part of his preparations for the budget for...
(30 marks) QUESTION 3 Boipuso (Pty) Ltd have the following information in their books, which they want to use for p...
(30 marks) QUESTION 3 Boipuso (Pty) Ltd have the following information in their books, which they want to use for planning purposes. Quarter 1 Quarter 2 Quarter 3 Quarter 4 Budgeted Sales in units 50000 70000 90000 120000 inventory of 10000 14000 18000 24000 Desired ending finished goods Opening inventory of finished 7000 10000 14000 18000 goods Direct labour hour used per unit 0.5 Selling Price Direct labour cost per hour Prepare the following budgets: Sales budget Production budget. Direct...
Tap Question 5 (8 marks) Pikachu Ltd manufactures plastic toys. The details about one of its...
Tap Question 5 (8 marks) Pikachu Ltd manufactures plastic toys. The details about one of its toys, the Pokémon ballyes summarised in the table below. Current units sold Selling Price per Pokémon ball Unit variable manufacturing cost Fixed manufacturing cost Unit variable selling & administrative costs Fixed Selling & Administrative costs 13,000 units $4 $2.50 $8,000 $0.50 $2,000 Required: 1. Calculate: a. Unit contribution margin (1 mark) b. Contribution margin ratio (1 mark) 2. Calculate the break-even point in units...
Tap Question 5 (8 marks) Pikachu Ltd manufactures plastic toys. The details about one of its...
Tap Question 5 (8 marks) Pikachu Ltd manufactures plastic toys. The details about one of its toys, the Pokémon ballyes summarised in the table below. Current units sold Selling Price per Pokémon ball Unit variable manufacturing cost Fixed manufacturing cost Unit variable selling & administrative costs Fixed Selling & Administrative costs 13,000 units $4 $2.50 $8,000 $0.50 $2,000 Required: 1. Calculate: a. Unit contribution margin (1 mark) b. Contribution margin ratio (1 mark) 2. Calculate the break-even point in units...
Sutherland Company manufactures book bags and has provided the following information for June 2018 Click the...
Sutherland Company manufactures book bags and has provided the following information for June 2018 Click the icon to view the information) Requirements 1. Prepare a flexible budget performance report (Hint. You will need to calculate the flexible budget amounts for 7,000 units) 2. As the company owner, which employees would you praise or criticize after you analyze this performance report? Flexible Budget Performance Report For the Month Ended June 30, 2018 2 3 5 (1)-(3) Budget Flexible Sales Amounts Actual...
Question 5 R Ltd. manufactures three products, A, B and C. The following information is given...
Question 5 R Ltd. manufactures three products, A, B and C. The following information is given below. Sales Forecast Product Quantity Price Per Unit A 1000 Rs.100 B 2000 Rs.120 C 1500 Rs.140 Materials Used in Company’s Products Are: Material M1 Rs.4 per unit Quantities used in Product Product M1 M2 M3 A 4 2 – B 3 3 2 C 2 1 1 Finished Stocks: Product A B C Opening Inventory- units 1000 1500 500 Closing Inventory- units 1100...
QUESTION TWO [30] Eating Excellence (Pty) Ltd. manufactures two different stainless steel kitchen apparatus, namely Mixer...
QUESTION TWO [30] Eating Excellence (Pty) Ltd. manufactures two different stainless steel kitchen apparatus, namely Mixer and Fixer. The products are sold to retailers, who resell the products to their own customers. The management accountant is busy preparing the monthly budget for the next financial year. The company's metal-moulding machine's capacity is limited to 480 hours per month. All the other machines have unused capacity and the other resources are readily available. The sales manager has indicated that she can...
QUESTION 1 (25 Marks) Sonop Stores (Pty) Ltd is currently operating out of the Eastern Cape....
QUESTION 1 (25 Marks) Sonop Stores (Pty) Ltd is currently operating out of the Eastern Cape. The company was started more than 10 years ago. The company aims for a 30% gross profit margin and according to the lastest approved budget should end up on a 10% nett profit margin. Over the last few years the company has been struggling to control the escalating manufacturing costs. The cost of doing business in the region escalates year on year at a...
3. Trade Traders (Pty) Ltd manufactures a single product. The following information was extracted from their budget for the year ended 30 June 2015. [16 Marks] Variable cost per unit P350 Total sales 1800 units Fixed costs P600,000 Selling price per unit P750 Calculate the following: (where applicable round off to the nearest Pula) Breakeven value using contribution margin ratio (4 Marks) (a). (b), Margin of safety (by value) (3 Marks) (c). Sales units required for a profit of P200,000...
(30 marks) QUESTION 3 Boipuso (Pty) Ltd have the following information in their books, which they want to use for planning purposes. Quarter 1 Quarter 2 Quarter 3 Quarter 4 Budgeted Sales in units 50000 70000 90000 120000 inventory of 10000 14000 18000 24000 Desired ending finished goods Opening inventory of finished 7000 10000 14000 18000 goods Direct labour hour used per unit 0.5 Selling Price Direct labour cost per hour Prepare the following budgets: Sales budget Production budget. Direct...
Tap Question 5 (8 marks) Pikachu Ltd manufactures plastic toys. The details about one of its toys, the Pokémon ballyes summarised in the table below. Current units sold Selling Price per Pokémon ball Unit variable manufacturing cost Fixed manufacturing cost Unit variable selling & administrative costs Fixed Selling & Administrative costs 13,000 units $4 $2.50 $8,000 $0.50 $2,000 Required: 1. Calculate: a. Unit contribution margin (1 mark) b. Contribution margin ratio (1 mark) 2. Calculate the break-even point in units...
Tap Question 5 (8 marks) Pikachu Ltd manufactures plastic toys. The details about one of its toys, the Pokémon ballyes summarised in the table below. Current units sold Selling Price per Pokémon ball Unit variable manufacturing cost Fixed manufacturing cost Unit variable selling & administrative costs Fixed Selling & Administrative costs 13,000 units $4 $2.50 $8,000 $0.50 $2,000 Required: 1. Calculate: a. Unit contribution margin (1 mark) b. Contribution margin ratio (1 mark) 2. Calculate the break-even point in units...
Sutherland Company manufactures book bags and has provided the following information for June 2018 Click the icon to view the information) Requirements 1. Prepare a flexible budget performance report (Hint. You will need to calculate the flexible budget amounts for 7,000 units) 2. As the company owner, which employees would you praise or criticize after you analyze this performance report? Flexible Budget Performance Report For the Month Ended June 30, 2018 2 3 5 (1)-(3) Budget Flexible Sales Amounts Actual...
QUESTION TWO [30] Eating Excellence (Pty) Ltd. manufactures two different stainless steel kitchen apparatus, namely Mixer and Fixer. The products are sold to retailers, who resell the products to their own customers. The management accountant is busy preparing the monthly budget for the next financial year. The company's metal-moulding machine's capacity is limited to 480 hours per month. All the other machines have unused capacity and the other resources are readily available. The sales manager has indicated that she can...
QUESTION 1 (25 Marks) Sonop Stores (Pty) Ltd is currently operating out of the Eastern Cape. The company was started more than 10 years ago. The company aims for a 30% gross profit margin and according to the lastest approved budget should end up on a 10% nett profit margin. Over the last few years the company has been struggling to control the escalating manufacturing costs. The cost of doing business in the region escalates year on year at a...
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