Help me please quickly with the following questions: on 1 ed A company produces a single product that passes through two processes. The details for process 1 are as follows: Materials 20,000 kg at N$10 per kg; direct labour N$200,000 and production overheads 25% of direct labour cost. Normal losses are 25% of input in Process 1 and without further processing any losses can be sold as scrap for N$12 per kg. The output for the period was 16,000 kg from Process 1. There was no work-in-progress at the beginning or end of the period. I out of question Calculate the value of the output to Process 2. NB: You are not required to enter the unit or currency symbol. Round-off your final answer to the nearest whole number. Enter numerical answer with no spaces. For example: 1000 Answer: 12 A company budgeted to produce 3,000 units of a single product in a period at a budgeted cost per unit as follows: d N$ per unit out of Direct costs 17 uestion Fixed Overhead 9 Total cost per unit 26 In the period covered by the budget, actual production was 3,200 units, actual fixed overhead expenditure was 5% above budget and all other costs were as budgeted. What is the amount of over/under absorption of production overhead? NB: You are not required to enter the unit or currency symbol. Round-off your final answer to the nearest whole number. Enter numerical answer with no spaces. For example: 1000 A Answer: Green Spot Company sells two products, A and B, with contribution margin ratios of 40 and 30 percent and selling prices of N$5 and N$2.50 a unit. Fixed costs amount to N$72,000 a month. Monthly sales average 30,000 units of product A and 40,000 units of product B. Assuming that three units of product A are sold for every four units of product B, calculate the dollar sales volume necessary to break even. NB: You are not required to enter the unit or currency symbol. Round-off your final answer to the nearest whole number. Enter numerical answer with no spaces. For example: 1000 I Answer: Ravi ce produces 2 products: X and Y. The process incurs direct materials of 3,500kg valued at N$45,000 and total conversion cost of N$45,500. The process produces 1,000 units of product X and 2,000 units of product Y. 500kgs came out of the process as waste, which were sold at N$10 per kg. The company allocates Joint costs based on the net realizable value and nets-off the net sales of waste and by-products against joint costs. Ravi cc incurs further processing costs of N$6,580 and N$12,420 for Product X and Y, respectively. During the period, 800kgs are sold for Product X, at a market value of N$70 per kg. The company also sold 1,600 kgs of Product Y, at a market value of N$50 per kg Calculate the cost per unit of product Y. NB: You are not required to enter the unit or currency symbol. Enter numerical answer with no spaces. For example: 1000 Answer: Sales price per unit N$50 N$30 Variable cost per unit Total fixed cost N$7,000 Total sales quantity 500 How many units should the firm produce and sell, to produce a profit of N$9,000? NB: You are not required to enter the unit or currency symbol. Round-off your final answer to the nearest whole number. Enter numerical answer with no spaces. For example: 1000
