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I want to get the answer in less than an hour and get a high rating 3.3 Swiss Chocolate Company is engaged in manufacturing and
I want to get the answer in less than an hour and get a high rating
3.3 Swiss Chocolate Company is engaged in manufacturing and selling high class chocolates Wrapped in special packages for five-star hotels. The company is planning to control its manufacturing of fine chocolates, so it has prepared the budget for the year ended 319 December 2020. The budget was for 5,300 units to be produced and sold, but the actual production and sales for the period amounted to 3,300 units. A statement of operating results, with attached notes, is shown below: (20 marks) Swiss Chocolate Company Operating results for the year ended 31ST December 2020 Budget Actual 5,300 3.300 Revenue and Costs units units BD BD BD BD Sales revenue 63.441 39600 Less: Direct costs and Overhead Direct material 15.900 7.000 Direct labour 7,950 6.100 1,600 Power charges 2.595 Overhead 1.880 1880 Cost of sales 29.925 19.990 Operating profit 33.516 19.610 Direct expenses Notes 1. There is no opening or closing raw material, work-in-progress or finished goods. 2. The cost of direct material and direct labour are variable costs. 3.3 Swiss Chocolate Company is engaged in manufacturing and selling high class chocolates Wrapped in special packages for five-star hotels. The company is planning to control its manufacturing of fine chocolates, so it has prepared the budget for the year ended 319 December 2020. The budget was for 5,300 units to be produced and sold, but the actual production and sales for the period amounted to 3,300 units. A statement of operating results, with attached notes, is shown below: (20 marks) Swiss Chocolate Company Operating results for the year ended 31ST December 2020 Budget Actual 5,300 3.300 Revenue and Costs units units BD BD BD BD Sales revenue 63.441 39600 Less: Direct costs and Overhead Direct material 15.900 7.000 Direct labour 7,950 6.100 1,600 Power charges 2.595 Overhead 1.880 1880 Cost of sales 29.925 19.990 Operating profit 33.516 19.610 Direct expenses Notes 1. There is no opening or closing raw material, work-in-progress or finished goods. 2. The cost of direct material and direct labour are variable costsStep by Step Solution
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