10. From the following information prepare marginal costing statement and calculate BEP and PVR

Fixed cost Ro 120000

Variable cost RO 200000

Sales RO 1000000

Direct wages RO 150000

Direct materials RO 410000

11. From the following information calculate BEP, PVR and Margin of Safety

Variable cost Ro 600000

Fixed cost Ro 300000

Sales Ro 1000000

12. From the following information calculate BEP and Margin of Safety. Also derive the volume of sales to earn profit of RO 6000

Sales Ro 15000

Variable cost Ro 7500

Fixed cost Ro 4500

Units sold 5000 units

13. Using the following information, compute the standard unit cost of product JLT:

Direct material quantity standard 5 pounds per unit

Direct materials price standard $ 10.20 per pound

Direct labor time standard 0.4 hour per unit

Direct labor rate standard $ 10.75 per hour

Variable overhead rate standard $7.00 per machine hour

Fixed overhead rate standard $11.00 per machine hour

Machine hour standard 2 hours per unit

14. For a unit of product, ABC

The standard labor hours 40

Standard Rate $ 1

Actual data

Actual production 100 units

Labor hours 3,960

Actual rate $1.10

Calculate Labor cost variance, Labor rate variance, Labor efficiency variance

	Sales ($)	Purchase ( $ )	Wages ($)	Expenses ( $)
February	60,000	30,000	4,000	5,000
March	70,000	40,000	4,000	6,000
April	82,000	42,000	6,000	6,000
May	90,000	70,000	7,000	7,000
June	130,000	45,000	9,000	8,000

15. A company is expecting to have $ 25,000 cash in hand on 1sr April 2019 and it requires you to prepare Cash budget for the three months. April to June 2019.The following information is given

Other Information:

a) Period of credit is allowed by suppliers is two months.b) 35% of sale is for cash and the period of credit allowed to customers for credit sale is one month. c) Delay in payment of wages and expenses one month.d) Income tax $ 15,000 is to be paid in the month of june.16. ABC corporation produces and sell a single product, expected sales for June are 9,000 units for July are12,000 units for August 6,000 units for September 7,000 units and for October 11,000 units. The company's desired level of ending finished goods inventory at the end of a month is 10% percent of the following month's sales in units. At the end of May 900 units were on hand. How many units to be produced in the fourth quarter.17. The following information has been made available from the records of XYZ Ltd. For six months of 2020(and the sales of January 2020) in respect of product X

(i)The units to be sold in different months are:

MonthsUnit to be Sold

January2000

February2200

March3400

April 3800

May 5000

June 4600

July4000

(ii) Finished units equal to half the sales of the next month will be in stock at the end of every month

(iii) Budgeted production and production cost for the year ending 30^th June 2020 are

Production in units : 50000

Direct materials per unit $ 15

Direct wages per unit $ 8

Total factory overhead apportioned to production $ 150000

You are required to prepare

a) Production budget for the six months of 2020 andb) Summarized production cost budget for the same period.

18. The following information has been made available from the records of XYZ Ltd. For six months of 2020(and the sales of January 2020) in respect of product X

(i)The units to be sold in different months are:

MonthsUnit to be Sold

January1,100

February1,100

March1,700

April 1,900

May 2,500

June 2,300

July2,000

(ii) Finished units equal to half the sales of the next month will be in stock at the end of every month

(iii) Budgeted production and production cost for the year ending 30th June 2020 are

Production in units : 22,000

Direct materials per unit $ 10

Direct wages per unit $ 4

Total factory overhead apportioned to production $88,000

You are required to prepare

Production budget for the six months of 2020 and

Summarized production cost budget for the same period

19. Prepar.e a cash budget from the following information for the month of February 2020;

Cash in hand on feb,1 $20,000

Sales for January,2020 $200,000

Sales of February 2020 $300,000

Purchases for January 2020 $100,000

Purchases for February 2020 $140,000

Operating expenses January 2020 $20,000

Operating expenses February 2020 $40,000

Credit from suppliers one month , Sales recovery 40% in the month of sale and the balance in the following month.

1. From the following table prepare. a flexible budget for the production 60%, 80% and 100% activity on the basis of following information

Production @ 50% capacity	3000 units
Raw Material	OR 25 per unit
Direct Labour	OR 20 per unit
Direct Expenses	OR 6 per unit
Factory Expenses	OR 20000 (50%) (Fixed)
Administration Expenses	OR 30000 (40%) (Fixed)

20. Using high-low method and the information below, compute the monthly variable cost per telephone hour and total fixed costs for ABC Corporation.

Month Telephone hours Telephone expenses

used

April 46 RO 2,350

May 45 RO 2,230

June 63 RO2,710