Below information relates to questions 1-3 Vanilla LLP is a leading pastry producer in Almaty. It produces 3 main sorts of pastries: A, B and C. 3 8 mes of each sort are as follows Pastry A Pastry A is the most popular and is produced in amount of 30.000 units. It is sold for KZT 1000 per unit and associated ingredients are amounted to KZT 250 per unit. This sort requires 2 hours of labor per unit and labor is paidat KZT 200 per hour. Pastry B Pastry Bis produced in amount of 25.000 units. It is sold for KZT 950 per unit and associated ingredients are amounted to KZT 200 per unit. This sort requires 1 hour of labor per unit and labor is paidat KZT 200 per hour Pastry C Pastry C is produced in amount of 7,000 units. It is sold for KZT 1050 per unit and associated ingredients are amounted to KZT 300 per unit. This sort requires 1 hour of labor per unit and labor is paid a KZT 200 per hour Overheads of Vanilla LLP for the period are as follows: Machinery 3.000.000 Receiving 5.000.000 Set-up 6,000,000 Distribution 2.000.000 16.000.000 Management accountant of Vanilla LLP estimated the following cost drivers: Total Pastry A Pastry 5 Pastry 2 Machine hous per unit Number of sel-ups Number of receipts Number of despatches 10 15 13 18 1. The profit per unit of pastries A, B and Cabsorbing all the overheads on the basis of labor hours is closest to A KZT 2/KZT 376/KZT 376 BKZT 15/KZT 398 / KZT 316 CKZT 126/KZT 376/KZT 316 DKZT 15/KZT 398/KZT 376 2. The cost and profit per unit of Pastry A and Pastry C absorbing all the overheads using Activity Based Costing is closest to A Costs: KZT 170 and KZT 680, Profits: KZT 180 and KZT - 130 B Costs: KZT 820 and KZT 1180, Profts: KZT 180 and KZT - 130 C Costs: KZT 170 and KZT 680. Profits: KZT 1000 and KZT 1050 DCoele: KZT 820 and KZT 1180. Profite: KZT 1000 and KZT 1050 3. Which of the following argument may be considered by Vanilla LLP as an advantage of switching to Activity Based Costing? (1) ABC can be applied to all overhead costs, not just production overheads Inability to allocate all overhead costs to specific activities (3) Difficulty in selection of both activities and cost drivers. A1 B1 and 2 C 1 and 3 Dall above B1 and 2 C1 and 3 Dall above 4. Alatau LLP manufactures a single product that itsells for $10 per unit. The materials cost for each unit of product sold is $3. Total operating expenses are $100.000 each month. Labour hours are limited to 20,000 hours each month. Each unit of product takes 2 hours to assemble What of below will result in TPAR improvement to 12 A increasing the selling price to $13 per unit Increasing the labour hours to 28,571 each month C Both A and B D None above 5. Which of below environmental accounting methodologies aims to reduce the quantity of materials used by organization by combining organizational structure analysis and material consumption A Flow cost accounting B Activity-based costing C input outlow analysis Lifecycle costing 6. Cakes Co make two type of cakes - Gluten free and regular Budgeted information is as follows: Gluten free $ Regular $ 14,00 9,00 Selling price Cost per unit Direct materials 6.00 25 Direct labour Variable overhead Faed overhead 1.50 0.30 1.60 1,00 0.20 1.00 Production and sales forecasts for the current year are: Gluten free 15.000 units Regular Cakes 50,000 units If gluten free cakes were to be made at full level of forecast and regular cakes at 0% of initial estimated level of production, how many units of gluten free cakes Cakes Co needs to sell to achieve a profit of $300.000 in that year? A 60,670 units B 70.566 units C 80,670 units D 90,566 units (1) ABC can be applied to all overhead costs, not just production overheads (2) Inability to allocate all overhead costs to specific activities (3) Difficulty in selection of both activities and cost drivers A1 B1 and 2 C 1 and 3 Dall above 4. Alatau LLP manufactures a single product that it sells for $10 per unit The materials cost for each unit of product sold is $3. Total operating expenses are $100.000 each month. Labour hours are limited to 20.000 hours each month. Each unit of product takes 2 hours to assemble What of below will result in TPAR improvement to 17 A Increasing the selling price to $13 per unit Increasing the labour hours to 28.571 each month C Both A and B None above 5. Which of below environmental accounting methodologies aims to reduce the quantity of materials used by organization by combining organizational structure analysis and material consumption A Flow cost accounting B Activity-based costing C input outflow analysis Lifecycle costing 6. Cakes Co make two type of cakes - Gluten free and regular. Budgeted information is as follows: Regular Gluten free $ 14,00 9,00 Selling price Cost per unit Direct materials 6.00 25 1,50 1.00 Direct labour Variable overhead Fored overhead 0.30 1.60 Production and sales forecasts for the current year are: Gluten free 15,000 units Regular cakes 50,000 units If gluten free cakes were to be made at full level of forecast and regular cakes at % of initial estimated level of production, how many units of gluten free cakes Cakes Co needs to sell to achieve a profit of $300.000 in that year? A 60,670 units Below information relates to questions 1-3 Vanilla LLP is a leading pastry producer in Almaty. It produces 3 main sorts of pastries: A, B and C. 3 8 mes of each sort are as follows Pastry A Pastry A is the most popular and is produced in amount of 30.000 units. It is sold for KZT 1000 per unit and associated ingredients are amounted to KZT 250 per unit. This sort requires 2 hours of labor per unit and labor is paidat KZT 200 per hour. Pastry B Pastry Bis produced in amount of 25.000 units. It is sold for KZT 950 per unit and associated ingredients are amounted to KZT 200 per unit. This sort requires 1 hour of labor per unit and labor is paidat KZT 200 per hour Pastry C Pastry C is produced in amount of 7,000 units. It is sold for KZT 1050 per unit and associated ingredients are amounted to KZT 300 per unit. This sort requires 1 hour of labor per unit and labor is paid a KZT 200 per hour Overheads of Vanilla LLP for the period are as follows: Machinery 3.000.000 Receiving 5.000.000 Set-up 6,000,000 Distribution 2.000.000 16.000.000 Management accountant of Vanilla LLP estimated the following cost drivers: Total Pastry A Pastry 5 Pastry 2 Machine hous per unit Number of sel-ups Number of receipts Number of despatches 10 15 13 18 1. The profit per unit of pastries A, B and Cabsorbing all the overheads on the basis of labor hours is closest to A KZT 2/KZT 376/KZT 376 BKZT 15/KZT 398 / KZT 316 CKZT 126/KZT 376/KZT 316 DKZT 15/KZT 398/KZT 376 2. The cost and profit per unit of Pastry A and Pastry C absorbing all the overheads using Activity Based Costing is closest to A Costs: KZT 170 and KZT 680, Profits: KZT 180 and KZT - 130 B Costs: KZT 820 and KZT 1180, Profts: KZT 180 and KZT - 130 C Costs: KZT 170 and KZT 680. Profits: KZT 1000 and KZT 1050 DCoele: KZT 820 and KZT 1180. Profite: KZT 1000 and KZT 1050 3. Which of the following argument may be considered by Vanilla LLP as an advantage of switching to Activity Based Costing? (1) ABC can be applied to all overhead costs, not just production overheads Inability to allocate all overhead costs to specific activities (3) Difficulty in selection of both activities and cost drivers. A1 B1 and 2 C 1 and 3 Dall above B1 and 2 C1 and 3 Dall above 4. Alatau LLP manufactures a single product that itsells for $10 per unit. The materials cost for each unit of product sold is $3. Total operating expenses are $100.000 each month. Labour hours are limited to 20,000 hours each month. Each unit of product takes 2 hours to assemble What of below will result in TPAR improvement to 12 A increasing the selling price to $13 per unit Increasing the labour hours to 28,571 each month C Both A and B D None above 5. Which of below environmental accounting methodologies aims to reduce the quantity of materials used by organization by combining organizational structure analysis and material consumption A Flow cost accounting B Activity-based costing C input outlow analysis Lifecycle costing 6. Cakes Co make two type of cakes - Gluten free and regular Budgeted information is as follows: Gluten free $ Regular $ 14,00 9,00 Selling price Cost per unit Direct materials 6.00 25 Direct labour Variable overhead Faed overhead 1.50 0.30 1.60 1,00 0.20 1.00 Production and sales forecasts for the current year are: Gluten free 15.000 units Regular Cakes 50,000 units If gluten free cakes were to be made at full level of forecast and regular cakes at 0% of initial estimated level of production, how many units of gluten free cakes Cakes Co needs to sell to achieve a profit of $300.000 in that year? A 60,670 units B 70.566 units C 80,670 units D 90,566 units (1) ABC can be applied to all overhead costs, not just production overheads (2) Inability to allocate all overhead costs to specific activities (3) Difficulty in selection of both activities and cost drivers A1 B1 and 2 C 1 and 3 Dall above 4. Alatau LLP manufactures a single product that it sells for $10 per unit The materials cost for each unit of product sold is $3. Total operating expenses are $100.000 each month. Labour hours are limited to 20.000 hours each month. Each unit of product takes 2 hours to assemble What of below will result in TPAR improvement to 17 A Increasing the selling price to $13 per unit Increasing the labour hours to 28.571 each month C Both A and B None above 5. Which of below environmental accounting methodologies aims to reduce the quantity of materials used by organization by combining organizational structure analysis and material consumption A Flow cost accounting B Activity-based costing C input outflow analysis Lifecycle costing 6. Cakes Co make two type of cakes - Gluten free and regular. Budgeted information is as follows: Regular Gluten free $ 14,00 9,00 Selling price Cost per unit Direct materials 6.00 25 1,50 1.00 Direct labour Variable overhead Fored overhead 0.30 1.60 Production and sales forecasts for the current year are: Gluten free 15,000 units Regular cakes 50,000 units If gluten free cakes were to be made at full level of forecast and regular cakes at % of initial estimated level of production, how many units of gluten free cakes Cakes Co needs to sell to achieve a profit of $300.000 in that year? A 60,670 units