cost accounting

Question 3: (4.5 mark) Riyadh Electric Company manufactures a Rechargeable light that sells for SAR 45 per unit. Total fixed cost SAR 58,500; variable cost is SAR 32 per unit. 1. What is the Contribution margin per unit? (0.5 PTS) 2. What is the operating income for the month assuming that Riyadh Electric Company sells 10,000 Rechargeable light? (2 PTS) 3. What is the breakeven point in unit? (0.5 PTS) 4. What is the margin of safety assuming 10,000 Rechargeable light are sold (1.5 PTS) Question 2: Tenaris Saudi Steel Pipes Company manufactures pipes and applies manufacturing costs to production at a budgeted indirect-cost rate of SAR 12 per direct labor-hour. The following data are obtained from the accounting records for June 2020: Direct materials SAR 400,000 Direct labor (16,000 hours @ SAR 11/hour) SAR 176,000 Indirect labor SAR 25,000 Plant facility rent SAR 100,000 Depreciation on plant machinery and equipment SAR 42,000 Sales commissions SAR 30,000 Administrative expenses SAR 40,000 Required: (2.5 MARKS) a. What actual amount of manufacturing overhead costs was incurred during June 2020? (0.75 PTS) b. What amount of manufacturing overhead was allocated to all jobs during June 2020? (0.75 PTS) c. For June 2020, was manufacturing overhead under allocated or over allocated? Explain. (1 PTS) Question 1: Sitteco Company has two departments, Assembly and Machining. Overhead is applied based on direct labor cost in Department Assembly and machine-hours in Department Machining. The following additional information is available: Budgeted Amounts Direct labor cost Factory overhead Machine-hours Assembly Machining $200,000 $165,000 $300,000 $180,000 51,000 mh 30,000 mh Actual data for Job #10 Assembly Direct materials requisitioned$10,000 Direct labor cost $11,000 Machine-hours 5,000 mh Required: (3 MARKS) Machining $16,000 $14,000 3,000 mh a. Compute the budgeted factory overhead rate for Assembly. (0,5 PTS) b. Compute the budgeted factory overhead rate for Machining. (0.5 PTS) c. What is the total overhead cost of Job 10? (1 PTS) d. If Job 10 consists of 50 units of product, what is the unit cost of this job? (1 PTS)