Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please can I have assistance and explanation with this section because I'm confusing my method of calculation Seata Lta manufactures chairs. The following information was

Please can I have assistance and explanation with this section because I'm confusing my method of calculation

image text in transcribed
Seata Lta manufactures chairs. The following information was extracted from the budget for the month ended 31 March 2022: Sales 5 000 units Selling price per unit R300 Variable manufacturing cost per unit R105 Manufacturing overheads (all fixed) R240 000 Selling costs 25% of sales Administrative costs (all fixed) R300 000 3.2 Use the information provided below to answer the following questions: (5 marks) 3.2.1 How much more can the company spend on salaries and still break even? (2 marks) 3.2.2 Calculate the sales value that is required to earn a net profit of R500 000. (3 marks) INFORMATION The following information provided by Montana Lid, which manufactures only one product, is available: Fixed costs R600 000 Sales R2 500 000 Variable costs R1 500 000 Use the information provided below to prepare the following for November and December 2021: (20 Marks) 4.1 Debtors Collection Schedule (4 marks) 4.2 Cash Budget (16 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Plus

Authors: Robert Libby, Patricia Libby, Daniel Short

8th Edition

1259116832, 9781259116834

More Books

Students also viewed these Accounting questions

Question

If f (x) = ax 2 + bx + c and a Answered: 1 week ago

Answered: 1 week ago

Question

Determine the of ????2 when (a) ???? = 0.83. (b) ???? = .77.

Answered: 1 week ago