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Hello, i would like to ask help on answering this following assignments. Thank you. Subject: ManagerialAccaunting What are the product costs/service costs of a company
Hello, i would like to ask help on answering this following assignments.
Thank you.
Subject: ManagerialAccaunting What are the product costs/service costs of a company involved in rental of facilities? Describe at least three KPl to measure supplier's performance in delivering products and/or services 1. 2 3. Identify at least 3 cost driver of a Barber Shop 4. Genner Company earned P125,000 on sales of P750,000. [t earned P225000 on sales of P1,000,000. a. Find the variable costs as a percentage of sales. b. Find the total fixed costs. 5. How do changes in volume affect the break-even point? 6. What important information is conveyed by the margin of safety calculation in CVP analysis? Topic: Operational and Financial Budgeting Questions: 1.Superior Company manufactures a single product. It keeps its inventory of finished goods at twice the coming month's budgeted sales and inventory of raw materials at 150% of the coming month's budgeted production. Each unit of product requires five pounds of materials, which cost P3 per pound. The sales budget is, in units: May, 10,000; June, 12,400; July, 12,600; August, 13,200. A. Compute budgeted production for June. B. Compute budgeted production for July. C. Compute budgeted material purchases for June in pounds and pesos. 2.Atlantic Corporation assembles bicycles by purchasing frames, wheels, and other parts from various suppliers. Consider the following data: (a) The company plans to sell 25,000 bicycles during each month of the year's first quarter. (b) A review of the accounting records disclosed a finished-goods inventory of 1,400 bicycles on January 1 and an expected finished-goods inventory of 1,850 bicycles on January 31. (c) Atlantic has 4,300 wheels in inventory on January 1, a level that is expected to drop by 5% at month-end.(d) Assembly time totals 30 minutes per bicycle, and workers are paid P14 per hour. (d) Atlantic accounts for employee benefits as a component of direct labor cost. Pension and insurance costs average P2 per hour (total); additionally, the company pays Social Security taxes that amount to 8% of gross wages eamed. A. How many bicycles does Atlantic expect to produce (i.e., assemble) in January? B. How many wheels must be purchased to satisfy production needs? C. Compute Atlantic's total direct labor cost. I). Briefly explain how the company's purchasing activity would affect the end-ofperiod balance sheet. Topic: Profit Planning Activity 1. Foris Company's product sells for P16 and has a variable cost per unit of P12. Fixed costs are P1201300. A. Compute the break-even point in peso. B. Compute the number of units Foris must sell to earn a P30,000 profit 2. Foris has a target profit of P36,000 and expects to sell 30,000 units. Compute the selling price Foris must charge to earn the target profit. 3. Foris wants to keep its selling price at P8 per unit and earn a 10% return on sales. Calculate the number of units Foris must sell to meet the targetStep by Step Solution
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