Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Does not need explanation only in abcd format A company estimates its direct material requirements for the month of November 2014 to Rs. 240000 and

Does not need explanation only in abcd format

A company estimates its direct material requirements for the month of November 2014 to Rs. 240000 and the direct labour to be Rs.150000. It is the policy of the company to about overheads as under

Factory overheads

Administrative overheads

Selling and distribution overheads

60% of direct wages

20% of works cost

25% of works cost

It is estimated that the selling and distribution overhead will increase by 15% in November 2014. The company sells goods at a profit of 16.67% on sales.

The budgeted sales for the month of November, 2014 is?

Select one:

a. Rs.921600

O b. Rs.856800

O C. Rs.909900

O d. Rs.687150

A company has fixed costs of Rs.6,00,000 paint manufactures a single product which it sells for Rs 200 per unit Its contribution to sales ratio is 40% its break-even in units is?

Select one:

O a 7,500 units

b. 8,000 units

c. 3,000 units

d. 1,500 units

company's single product has a contribution to sales ratio of 20% The unit selling price is Rs A 12. in a period when fixed costs were Rs 48.000 the profit earned was Rs. 5,520. Direct wages were 30% of total variable costs, and so the direct wages cost for the period was?

Select one:

15 a Rs. 64,224

b. Rs 22.624

C. Rs. 44,225

d Rs 75,000

Z Ltd. is planning to sell 1,00,000 units of product A for Rs. 12.00 per unit. The fixed costs are Rs.2,80,000. In order to realize a profit of Rs. 2,00,000, what would the variable costs be?

Select one:

a. Rs. 4,80,000

b. Rs. 7,20,000

C. Rs. 9,00,000

d. Rs. 9,20,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

International Business

Authors: Ricky W. Griffin, Michael W. Pustay

9th Edition

013489877X, 978-0134898773

Students also viewed these Accounting questions

Question

What causes personality conflicts, and how can they be resolved?

Answered: 1 week ago