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The following are three small questions in a big question, please help me answer, thank you The following data relates to a company's operating budget
The following are three small questions in a big question, please help me answer, thank you
The following data relates to a company's operating budget for its next operating year: 23 37,000 Sales price per unit () Sales volume (units) Costs: Materials () Labour () Energy () Depreciation () 30,000 33,800 37,000 105,000 The budget has been prepared using the following assumptions: Materials costs are variable. Labour costs are semi-variable with a fixed element of 15,000. Depreciation is a fixed cost. An allowance for an energy price increase of 12% has already been included in the energy costs. The company now wishes to revise the data to incorporate the following updated assumptions: Selling prices will be reduced by 6% The sales volume will increase by 10% The rise in the energy prices should be revised to 5% What will be the company's new materials cost for the year? The following data relates to a company's operating budget for its next operating year: Sales price per unit () 29 Sales volume (units) 108,000 Costs: Materials () 18,000 Labour () 21,000 Energy () 23,000 Depreciation () 105,000 The budget was prepared using the following assumptions: Materials costs are variable. Labour costs are semi-variable with a fixed element of 11,000. Depreciation is a fixed cost. An allowance for an energy price increase of 14% has already been included in the energy costs. The company now wishes to revise the data to incorporate the following updated assumptions: Selling prices will be reduced by 8% The sales volume will increase by 13% The rise in the energy prices should be revised to 7% What will be the company's new labour cost for the year? A company has two production (Processing and Finishing) departments and one service department (Personnel). The data for the next production period is as follows: Processing Finishing Personnel 129,000 142,000 53,000 47,000 29,000 Total overheads () Machine hours (hrs) Labour hours No of employees Labour hour rate () 11,000 40,000 275 1,000 13 6.40 8.00 5.74 All employees make use of the Personnel department. The company is calculating its overhead recovery rates. Calculate the total overheads that will be charged to the Processing Department. Calculate and enter your answer in the same format as the labour hour rateStep by Step Solution
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