Answered step by step
Verified Expert Solution
Question
1 Approved Answer
D Question 1 40 pts Internal Limited is an engineering company that owns a non-working machine, which it wants to sell The company originally paid
D Question 1 40 pts Internal Limited is an engineering company that owns a non-working machine, which it wants to sell The company originally paid 9,000 to buy the machine and without the part it could be sold for an estimated 7,200. The machine needs a replacement part before it can be sold. It is possible to buy the part for 470) This would take 12 hours to fit by one of the company's engineers who is paid 15 an hour and who are currently busy and generate sales of 60 per hour from customers For each of the above costs, kindly enter the relevant cost to be considered below. Replacement part cost Total Labour cost Machine cost Note: Kindly enter numbers as full number with no sign, comma or decimals. For ex 5200 N Staverton Manufacturers Ltd has the following materials ininventories: D Question 2 No. of units held x Y 150 100 50 50 Purchase cost per unit (Historic cost) 12 15 10 410 Net realisable value (Sales/Scrap value) 3 4 5 Replacement cost (Market purchase price) 5 6 12 40 pts X material is in constant use by the company. The company has been asked to tender for a contract that requires 50 units of X. Y material cannot be used for any other purpose within the business except the new contract. It was bought a long time ago and hasn't been used due to the wrong order. The company has been asked to tender for a contract that requires 200 units of Y. Z material is in constant use by the company. The company has been asked to tender for a contract that requires 200 units of Z. What is the total relevant cost of the material X for new contract What is the total relevant cost of the material Y for new contract What is the total relevant cost of the material Z for new contract Note: Kindly enter numbers as full number with no sign, comma or decimals. For ex 5200
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started