Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can somone please help me very fast. ill give you a like Question 3 (Total: 10 marks) Melati Bhd produces and sells two distinct products,

can somone please help me very fast. ill give you a like
image text in transcribed
image text in transcribed
Question 3 (Total: 10 marks) Melati Bhd produces and sells two distinct products, M2 and M3. For the year ending December 31, 2020, its sales and cost data are: M2 M3 Sales volume 20,000 40,000 Selling price per uit RM180 RM160 Direct materials 65 40 Direct labor 40 Variable factory overhead 16 16 Fixed factory overhead 25 Full cost per unit RM146 RM121 Gross profit per unit RM 34 RM 39 Other information pertaining to operations during the year ending December 31 2020: 40 25 (a) Variable selling costs were 5% of sales. (6) Fixed selling and administrative costs were RM207,330 (with a capacity to handle volumes of up to twice those of 2020). (c) The present plant facilities provide a capacity of 60,000 units; this can be increased to a capacity of 100,000 units at an additional cost of RM80,000. (d) The company is taxed at a rate of 40% Expected changes for the year ending December 31, 2021, include the following: Expected changes for the year ending December 31, 2021, include the following: (a) The selling price of M3 is expected to increase by 10% but no other changes are expected in costs or selling prices for either product (b) The sales mix of 2021 is expected to be in the ratio of 2 units of M2 to 3 units of M3 Page 5 of 8 Question 3 (Total: 10 marks) Melati Bhd produces and sells two distinct products, M2 and M3. For the year ending December 31, 2020, its sales and cost data are: M2 M3 Sales volume 20,000 40,000 Selling price per uit RM180 RM160 Direct materials 65 40 Direct labor 40 Variable factory overhead 16 16 Fixed factory overhead 25 Full cost per unit RM146 RM121 Gross profit per unit RM 34 RM 39 Other information pertaining to operations during the year ending December 31 2020: 40 25 (a) Variable selling costs were 5% of sales. (6) Fixed selling and administrative costs were RM207,330 (with a capacity to handle volumes of up to twice those of 2020). (c) The present plant facilities provide a capacity of 60,000 units; this can be increased to a capacity of 100,000 units at an additional cost of RM80,000. (d) The company is taxed at a rate of 40% Expected changes for the year ending December 31, 2021, include the following: Expected changes for the year ending December 31, 2021, include the following: (a) The selling price of M3 is expected to increase by 10% but no other changes are expected in costs or selling prices for either product (b) The sales mix of 2021 is expected to be in the ratio of 2 units of M2 to 3 units of M3 Page 5 of 8

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_2

Step: 3

blur-text-image_3

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

Cost Accounting

Authors: Jawahar Lal, Seema Srivastav

6th Edition

9353168384, 978-9353168384

More Books

Students also viewed these Accounting questions

Question

LO6Outline steps for creating a performance improvement plan.

Answered: 1 week ago