Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.

1. image text in transcribed

2.

image text in transcribed

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; $444 000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions