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1. 2. Flexer Company Ltd has set the following standards for the production of one unit of product. Normal production each month is 500 units.
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Flexer Company Ltd has set the following standards for the production of one unit of product. Normal production each month is 500 units. Direct material 8 kg @ $6.50 per kg $ 52 Direct labour 4 hours @ $7.00 per hour $ 28 During June, actual production amounted to 420 units. All direct material was purchased and used this month. Actual cost amounted to: Direct material 3 500 kg $ 21 875 Direct labour 1 720 hours $ 12 212 Determine the direct material price for June production. $875 (F) $840 (F) $840 (U) $875 (U) A firm makes and sells three standard products in a specific product mix. All three products are made using the same production facilities. The following budgeted data for the coming year is available. . B $ Unit selling price $ 100 $60 80 $ Unit variable cost $ 60 $30 60 Budgeted unit sales 6000 15000 9000 Total annual fixed costs $348 000 Tax rate 40% What sales revenue would be required for each of the three products to earn a profit of $139 200 after tax? $400 000; $600 000; $480 000 $200 000; $300 000; $240 000 $800 000; $1 200 000; $960 000 $296 000; $740 000; $444 000Step by Step Solution
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