I need the solution to be writtenby computer in the same page not a screenshot
10:514 IIII?' H learn-eu-central-1-prod-f|eet01-xythos.s3.eu-central-1.an1azonaws.c Exercise 3: Process Costing (7 marks) Company JOJO prepares and packages perfumes in bottles. The company has two departments: (1) Mixing and (2) Bottling. Direct materials are added at the beginning of the Mixing process (perfume concentrate) and at the end of the Bottling process (bottles). Conversion costs are added evenly throughout each process. Data from the current month for the Mixing Department are as follows: Quantity during the current month: Beginning work in process inventory ................................................... 0 Started production 2,400 liters Completed and transferred out to Bottling........ 1,800 liters The ending work in process inventory is 60% of the way through the Mixing process. Costs in the Mixing department during the month: Beginning work in process inventory ................................................... $ 0 Costs added: Direct materials (perfume concentrate) ............................................... $ 1,230 Direct labor 5 540 Manufacturing overhead ........................................................................ $ 1,120 Requirement: 1. Calculate the quantity of work in process (WIP) inventory in the Mixing department, and analyze the conversion cost (aer computing it). (3 marks) 2. Find and analyze the cost per liter out of the Mixing department? (4 marks) 10:514 I'II?' AA learn-eu-central-1-prod-f|eet01-xyt C, NUMBER OF NUMBER OF PAGES: 06 QUESTIONS: 05 Term project is 20% of the total grade. Answer each of the following 05 exercises. Exercise 1: Performance Evaluation (5 marks) In a performance evaluation context, dene decentralization and describe different types of responsibility centers. Exercise 2: Job Costing (8 marks) The company XOXO is specialized in producing treadmills. The company allocates manufacturing overhead based on direct labor hours. XOXO estimated a total of $4,600 of manufacturing overhead that can be dispatched on all jobs. Moreover, the total direct labor hours that has been recorder during the period raises up to 460 hours. Job 12 consists of 30 sets of treadmills. The company's records show that the following direct costs were requisitioned for Job 12: 0 Electronic parts: 40 units at $20 per unit Plastic: 10 kilograms at $10 per kilogram ' Labor hours: 60 hours at $25 per hour Requirement: 1. Caieufate the predetermined manufacturing overhead (MOH) rate. (3 marks) 2. Analyze the costper set (draw a table). (5 marks) 10:514 IIII?' H learn-eu-central-l-prod-f|eet01-xythos.s3.eu-central-1.an1azonaws.c Exercise 4: Cost-Volume-Profit analysis (13 marks) Company YOYO is specialized in manufacturing a single type of perfume made from Rose scent. The general manager has hired you as a nancial analyst in order to study the cost structure and provide the board of shareholders with pertinent reconnnenclations. After careful investigation, you discovered that the variable cost per manufactured unit is at $40. Furthermore, the company incurs the following expenses: - Rent: $10,000 - Electricity: $5,000 - Depreciation of the machines: $6,000 Salary of administrative employees: $19,000 Rose scent employed in the manufacturing process (variable cost): 100 liters at $400 per liter Each bottle of perfume consumes 50 ml (0.05 liter) of Rose scent. Requirements: 1. Calculate the total (fixed cost for company YOYO. (1 marks) 2. Find the produced quantity (in bottle) of perfumes. (1 marks) 3. In reality, the company YOYO has produced 2,000 bottles of perfume. Evaluate the minimum price P the company should sell one bottle ofperfume in order to start realizing a net profit? (4 marks) 4. The company decided to sell each bottle ofpeifume at $80 per unit. Draw in the same figure the sales and total cost (note: the x- axis represents the quantity Q) (4 marks) 5. Given that selling price is P = $80 per bottle, evaluate the breakeven point (in quantity) for company YOYO. (3 marks) Exercise 5: Master Budget (7 marks) After dening the WWW; interpret the fn llnun'na' burlap! '
