Using the information given in Question 1, calculate the selling price of a breve and a minim.
Question:
Using the information given in Question 1, calculate the selling price of a breve and a minim. The directors of Morad Industries Ltd wish to achieve a profit margin of 20 per cent on cost.
It should be noted that the direct costs for each product are as follows.
Calculate the selling price per unit of a breve and of a minim.
Transcribed Image Text:
Direct materials Direct labour 5 kg e $2.20 per kg 3 hrs @ $7 per hour 4 kg @ $2 per kg Breves Minims 2.4 hrs @ $8 per hour
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
To calculate the selling price per unit we need to determine the total cost of producing each unit a...View the full answer
Answered By
Maurat Ivan
I have been working in the education and tutoring field for the past five years, and have gained a wealth of experience and knowledge in this area. I have a bachelor's degree in education, and have completed additional coursework in teaching and tutoring.
In my previous roles, I have worked as a teacher in both private and public schools, teaching a variety of subjects including math, science, and English. I have also worked as a private tutor, providing one-on-one tutoring to students in need of additional support and guidance.
In my current role, I work as an online tutor, providing virtual tutoring services to students around the world. I have experience using a variety of online tutoring platforms and technologies, and am comfortable working with students of all ages and skill levels.
I am passionate about helping students succeed and reach their full potential, and I believe that my education and tutoring experience make me an excellent candidate for a tutoring job at SolutionInn. I am confident that my knowledge, skills, and experience will enable me to provide top-quality tutoring services to students on the SolutionInn platform.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
Question Posted:
Students also viewed these Business questions
-
Using the information given in Question 2, calculate the selling price of a maton and a craton. The directors of Thespa plc wish to achieve a profit margin of 50 per cent on cost. It should be noted...
-
Using the information given in the Problem 40 scenario, identify several additional substantive auditing procedures that Jocelyn Morris should consider applying in her audit of Rogers investments.
-
Using the information given in problem 5, compute by how much the Fed must increase the money supply if it wants to avoid the crowding out of the expansionary fiscal policy described in part a of...
-
An arm ABC lying in a horizontal plane and supported at A (see figure) is made of two identical solid steel bars AB and BC welded together at a right angle. Each bar is 20 in. long. Knowing that the...
-
The National Study of the Changing Workforce conducted an extensive survey of 2958 wage and salaried workers on issues ranging from relationships with their bosses to household chores. The data were...
-
What are the principal sources of liquidity demand for a financial firm?
-
During 20XB, Sunflower Energy incurs the following costs relating to Lease A, a producing property: REQUIRED: Determine the tax basis of any assets and the amount of any tax deductions. Supplies for...
-
A mass balance for a chemical in a completely mixed reactor can be written as Vdc/dt = F Qc kVc2 where V = volume (12 m3), c = concentration (g/m3), F = feed rate (175 g/min), Q = flow rate (1...
-
delivery/ua/la/launch/15809/100015511/aHR0cHM6Ly9mMS5hcHAUZWRIZW50dWouY29tL2x1YXJuZXItdWkvc2Vjb25kYXJ5L3VZXYXNzaWdubWVudC8xNTgwOS9sYXV Unit 5- Pretest 13 Select the correct answer from each drop-down...
-
Parchesi, Inc. will acquire the net assets of Scrabble, Inc. for cash. Parchesi, which has a 30% marginal tax rate, will incur $25,000 of direct acquisition costs. Scrabbles balance sheet follows:...
-
The following information is available about production costs. The direct costs of product are as follows. The company total factory overheads are $50 000. (Other overhead costs can be ignored.)...
-
Thespa plc manufactures two products: matons and cratons. The company has the following cost pools and has established that the cost drivers within each cost pool are as shown. During November 2014...
-
How many IEs does a Be atom have? Write the chemical reactions for the successive ionizations.
-
Discuss the process of kernel configuration and customization to tailor the operating system to specific hardware requirements and use cases. What considerations should be taken into account when...
-
A snickers candy bar contains 28g of sugar. Calculate the totalATP yield if you assume all sugar is glucose and all of it wasmetabolized through glycolysis.
-
What are the general rules for deciding which method is used to account for an investment in the stock of another company? What are bonds? What are the characteristics of bonds? What factors affect...
-
Explore the characteristics and requirements of real-time kernels for embedded systems and critical applications. How do real-time kernels prioritize tasks and ensure deterministic response times ?
-
Compare and contrast traditional threads with lightweight threads (such as coroutines or green threads). How do these models impact resource utilization and concurrency management in modern...
-
Use the information in Solved Problem 15.3 to answer the following questions. a. What will Comcast do if the tax is $36.00 per month instead of $25.00? (Hint: Will its decision be different in the...
-
Find the reduced echelon form of each of the matrices given in Problems 120. c 1 26 + 4
-
Is the principal goal of tax planning to absolutely minimize the amount of taxes that a taxpayer must pay?
-
Explain how a computer can assist a tax practitioner in tax planning activities and making complex tax calculations.
-
Latesha, a single taxpayer, had the following income and deductions for the tax year 2017: INCOME: Salary $ 80 Business Income 25 Interest income from bonds 10 Tax-exempt bond interest 5 TOTAL INCOME...
-
Exercise 7-10 (Algo) Customer Profitability Analysis [LO7-3, LO7-4, LO7-5] Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to...
-
Lake Incorporated and River Incorporated reported net incomes of $255,000 and $204,000, respectively, for the most recent fiscal year. Both companies had 51,000 shares of common stock issued and...
-
New Company produces Peaceful Widgets that are designed to increase relaxation. The company has established the below standard costs: Standard Quantity Standard Price/Rate Direct Materials Direct...
Study smarter with the SolutionInn App