Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CIND Ltd produces three brush sets; the artists set, the painters set and the make-up set. The following data for each brush is available for

CIND Ltd produces three brush sets; the artists set, the painters set and the make-up set.

The following data for each brush is available for the next quarter:

Demand sets (units)

150

300

350

Artist

Painters

Make up

Sale Revenue per unit

43

35

25

Variable costs per unit

37

27

16

Allocated Fixed costs per unit

7

2

4

Profit per unit

(1)

6

5

All brush sets use animal hair as follows:

Artist

Painters

Make up

Hair per set (grammes)

12

20

36

The supplier for animal hair has gone bankrupt and supply will be affected for the next quarter.

With reference to the above explain the concept of a limiting factor.

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

Auditing ISO Management System

Authors: Dr. RAMESH R LAKHE, Dr. RAKESH L. SHRIVASTAVA, M M NAVEED, KRANTI P DHARKAR, Dr. C M SEDANI

1st Edition

1702203913, 978-1702203913

More Books

Students also viewed these Accounting questions

Question

Let A = {a, b, c, d} and B = {y, z}. Find a) A B. b) B A.

Answered: 1 week ago

Question

Write down the Limitation of Beer - Lamberts law?

Answered: 1 week ago

Question

Discuss the Hawthorne experiments in detail

Answered: 1 week ago

Question

Explain the characteristics of a good system of control

Answered: 1 week ago

Question

State the importance of control

Answered: 1 week ago

Question

b. Why were these values considered important?

Answered: 1 week ago