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Hi, could someone please give me explanation and guide me steps to do these questions? Thank you very much! In 2018, Seng Seng Pte Lid

Hi, could someone please give me explanation and guide me steps to do these questions? Thank you very much!

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In 2018, Seng Seng Pte Lid had the following data: Units in beginning inventory 0 Units produced 250,000 Units sold ($20 per unit) 200,000 Variable costs per unit: Direct materials $3.80 Direct labour 2.00 Indirect materials and labour 1.00 Fixed Costs: Fixed overhead per month (based on normal activity of 250,000 units) $300,000 Fixed selling and administrative expenses per month $600,000 Required: (a) Compute the dollar amount of ending inventory using: (i) Absorption costing (ii) Variable costing (b) Prepare an income statement using variable costing. (c) Explain the difference between absorption and variable costing.Pedal Corporation produces and sells a single product Data concerning that product appear below: Selling price per unit $120.00 Direct material per unit $26.00 Direct labour per unit 10.00 Variable overhead per unit 5.80 Variable selling and adminper unit 5.00 Fixed expense per month $3T0,392.00 Assume the company's monthly target prot is $15,000. Required: {Round up all the answers to the nearest 1 decimal places) (a) What is the contribution margin per unit? (b) What is the contribution margin ratio? (c) What is the break-even point in units for Pedal Corporation? (d) What is the sales in units to attain the target profit? (c) Base on part (d) calculated above compute the margin of safety in units and in sales dollar for the company. (1] HOW could Pedal Corporation increase projected income without increasing sales revenue

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