Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hi. Can someone please urgently help me solve this question out? This is Managerial Accounting/Management Accounting related. The amount we use is euros . I
Hi. Can someone please urgently help me solve this question out? This is Managerial Accounting/Management Accounting related. The amount we use is euros . I have been really confused about this question for a long time and have not been able to solve it. My deadline is within 6 days so I would appreciate if some expert will help me solve all of the questions. Thank you!
Only fill your answers in the green tables. Do not put anything in the blue cells. Bake and Cake sells pastries and cakes. They have three different products salmonpie, sweet cakes and salty cakes. The monthly expenses are the following: \begin{tabular}{|l|r|} \hline Direct costs: \\ \hline Material & 9000 \\ \hline Salaries & 18000 \\ \hline Indirect costs & \\ \hline Personnel & 10000 \\ \hline Rent & 1000 \\ \hline Other expenses & 4200 \\ \hline \end{tabular} Direct costs are allocated directly on to the products. The indirect costs are allocated on to the different activities in the following ways: Salaries according to how much workhours the activity uses Rent according to how many squaremeter (m2) the activity uses. Other expenses are divided equally on the different activities. Of the workers time 10% is used for receiving orders, 70% for production and 20% to delivery and invoicing. The surface area of the company is 100m2. Order receiving uses 20m2, prouction 60m2 and delivery and invoicing 20m2. Of the workers time 10% is used for receiving orders, 70% for production and 20% to delivery and invoicing. The surface area of the company is 100m2. Order receiving uses 20m2, prouction 60m2 and delivery and invoicing 20m2. a) Allocate the indirect costs to the different activities From the activities the costs are allocated on to the products in the following way: Receiving orders according to the amount of orders. Production costs according to finished amount of products. Delivery and invoicing according to the number of invoices. They are divided according to the following: Allocate the costs you calculated in task A to the different products. Calculate per activity and the total sum. Calculate the unit cost and the total cost for each product. Salty cakes have used direct material 3000, sweet cakes 4000 and salmonpies 2000. Direct work is used 15/h : Salty cakes 600 hours, sweet cakes 500 hours and salmonpies 100 hours. The company has produced 800 salty cakes, 700 sweet cakes and 800 salmonpies. Calculate the unit cost and the total cost for each product. Salty cakes have used direct material 3000, sweet cakes 4000 and salmonpies 2000. Direct work is used 15/h : Salty cakes 600 hours, sweet cakes 500 hours and salmonpies 100 hours. The company has produced 800 salty cakes, 700 sweet cakes and 800 salmonpies. What is the price for the products excl. VAT and incl. VAT? The company wants a 12 % profit for the salty cakes, 23% for the sweet cakes and 7,5 % for the salmon pie. What is the price for the products excl. VAT and incl. VAT? The company wants a 12 % profit for the salty cakes, 23% for the sweet cakes and 7,5 % for the salmon pie
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