Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a) Complete the table below by classifying the cast items. You need to repeat an amount if it belongs to more than one category. You

image text in transcribed
image text in transcribed
a) Complete the table below by classifying the cast items. You need to repeat an amount if it belongs to more than one category. You must provide a total for each column. (8 marks) by Coffee Culture Ltd manufactures barista quality coffee machines. The unit selling price is $900 and the variable cost per unit is $630. The monthly fixed cost for August 2020 is $27,000 Answer the questions below in the spaces provided. (Show the formula and workings for each) Required: Answer the following questions in the spaces provided 2 i BI- a) Complete the following table by classifying the cost items. You need to repeat an amount if it belongs to more than one category. You must provide a total for each column (8 marks) Cost Items Amount Prime Costs Conversion Costs Product Costs Period Costs Raw materials 36,800 86800 Factory supervisor's salary 147 000 147000 Factory workers wages 350.000 350000 350000 Depreciation on office building 7.280 Insurance on factory building 78.400 Advertising expenses 168.000 Totals 75400 T Di Coffee Cuttured manicures barista Quality coffee machines. The unit se ng price is 5900 and the variable cost per unit is $630 The month fixed cost for August 2020 is $27.000 Show the formula and working for each 1. Calculate the contributionary per unit 2 2012 Type here to search inspiron Cost Items Amount Prime Costs Conversion Costs Product Costs Period Costs Raw materials 86,800 86800 147000 147,000 350,000 7,280 350000 350000 Factory supervisor's salary Factory workers' wages Depreciation on office building Insurance on factory building Advertising expenses Totals 78400 78.400 168,000 b) Coffee-Culture Ltd manufactures barista quality coffee machines. The unit selling price is $900 and the variable cost per unit is 5630 The monthly foxed cost for August 2020 is $27,000. (Show the formula and workings for each) 1. Calculate the contribution margin per unit. (2 marks) 2. Calculate the contribution margin as a ratio. (2 marks) - I 3. Calculate the break-even point in units. 2 marks Calculate the break-even point in sales dollars. (2 marks) 4. Assume that the company sold 120 units of te evsions in January 2019. Calculate the margin of safety in dollars. (2 marks) 5. If the target profit for February 2019 $$15.000. cause the required sales in dolans for February 2019.2 mars Save and o ype here to search inspiron

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

Recommended Textbook for

Audit And Accounting Guide State And Local Governments

Authors: AICPA

1st Edition

1945498587, 978-1945498589

More Books

Students also viewed these Accounting questions