Luvlibrek manufactures breakfast cereal. Its cost unit is 1000 packets of the cereal. The following information is
Question:
Luvlibrek manufactures breakfast cereal. Its cost unit is 1000 packets of the cereal. The following information is given.
Required
Calculate the cost of one unit of breakfast cereal.
Transcribed Image Text:
Number of packets of cereal produced Expenditure: Direct materials Direct labour Overheads 425 000 $398 000 $996 000 $1 687 250
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (6 reviews)
To calculate the cost of one unit of breakfast cereal you need to add up t...View the full answer
Answered By
User l_998468
I have extensive tutoring experience, having worked as a private tutor for over three years. I have tutored students from different academic levels, including high school, undergraduate, and graduate levels. My tutoring experience has taught me to be patient, attentive to student needs, and effective in communicating difficult concepts in simple terms.
I have a strong background in statistics, probability theory, data analysis, and data visualization. I am proficient in using statistical software such as R, Python, and SPSS, which are commonly used in academic research and data analysis. Additionally, I have excellent communication and interpersonal skills, which enable me to establish rapport with students, understand their learning styles, and adapt my teaching approach to meet their needs.
I am passionate about teaching and helping students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Josun plc manufactures cereal based foods, including various breakfast cereals under private brand labels. In March the company had been approached by Cohin plc, a large national supermarket chain,...
-
The Hampshire Company manufactures umbrellas that sell for $12.50 each. In 2014, the company made and sold 60,000 umbrellas. The company had fixed manufacturing costs of $216,000. It also had fixed...
-
The cereal division of Kellogg Company intends to test market next year an organic cornbased cereal to be called NutriFlakes. The business plan calls for production to begin in late May 2015, with...
-
In the automobile parts supplier's hypothesis test of H0: = 3 versus Ha: 3 (as discussed in Exercise 9.48) find the sample size needed to make the probability of a Type I error equal to .05 and...
-
Drivers Wanted, Inc., needs funds, and Melissa Belk, the president, has asked you to consider investing in the business. Answer the following questions about the different ways that Belk might...
-
What are the differences between the independence of an internal auditor and that of an independent auditor? How can an internal auditor be truly independent?
-
Compaq Computer has seen its stock price decline from \($45\) to \($24\) The firm is expected to reinvest 50% of its expected after-tax operating income of \($2\) billion in new investments, and...
-
Zeller Company uses standard costing. The company has two manufacturing plants, one in Nevada and the other in Ohio. For the Nevada plant, Zeller has budgeted annual output of 4,000,000 units....
-
QUESTION 2 (20 Marks) REQUIRED Prepare the Cash Budget of a project of Azowel Enterprises for May, June and July 2020. (Ensure that the cash budget has separate monetary columns for each month.)...
-
Borlix Ltd makes a number of products, one of which is Super Borlix, which passes through three production departments, A, B and C. The following details are relevant to the production of Super...
-
Which of the following operations would involve a system of continuous costing? A. Construction of houses B. Generating electricity C. Hiring out boats in a fun park D. Publishing newspapers
-
Find the matrices that solve the following equations. 00 12 +4[83]- [1] 03 a. 2A + A 00 + [83]B = [] 03 1 b. 2B+
-
At the birth of their child, how much should a couple invest to have $2 000 on the child's 20th birthday, if interest is 7%, compounded quarterly?
-
11. Mr. Bautista aims to have his investment grow to Php. 500.000 in 4 years. How much should he invest in an account that pays 5% compound annually? 12. How long will it take Php. 1,000 to earn...
-
A band performs on stage for 1 hour, 50 minutes. Their one opening act performs on stage for 40% as long as the band. When you combine the band and their opening act, how many minutes does the...
-
A marathon runner finishes her race in exactly 4.5 hours. She decides to train so that she can reduce her time to run the race by at least 6%. What time is she hoping to come in at (or under)? Your...
-
Applying the social listening tools to conduct social monitoring and listening process for WIL client's business or another business (the language in their channels is English): employ free online...
-
Manuel Gutierrez correctly predicted the increasing need for home health care services due to the countrys aging population. Five years ago, he started a company offering meal delivery, physical...
-
Record the following selected transactions for March in a two-column journal, identifying each entry by letter: (a) Received $10,000 from Shirley Knowles, owner. (b) Purchased equipment for $35,000,...
-
Water Sports Inc., manufactures custom-made kayaks and accessories. The company performs the following activities. 1. Storing parts and materials 2. Queuing orders before beginning production 3....
-
Lucerne Company has 15 production departments and produces hundreds of products. Service department costs are allocated to production departments using the direct method. Five service departments...
-
For each firm listed in the following, identify whether it would use job costing or process costing. 1. Canned soup producer 2. Custom automobile restorer 3. Facial tissue manufacturer 4. Accounting...
-
Answer is not complete. Increase/Decrease a. Correct change decrease b. Correct change decrease
-
2012 2011 2010 K Sales Cost of goods sold Operating expenses $ 44,000 $ 29,300 $ 23,200 24,000 15,000 12,000 7,000 6,000 5,000 Interest expense 1,000 300 _200 Net income $ 12,000 $ 8,000 $ 6,000...
-
Chapter 2 PRACTICE Exercises-Set A 4 Help Save & Ext Subm Check my work Part 2 of 2 10 Exercise 2-3A (Static) Part b b. Prepare the income statement, statement of changes in stockholders' equity,...
Study smarter with the SolutionInn App