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Toys ltd produced the following budget for its new

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12.Toys Ltd produced the following budget for its new line ofIronman action figures for February 20X9Budget for February 20X9unitsprice/cost per unitsRMSales4,000RM25per unit100,000
CostDirectMaterialRM4 per unit16,000Direct WagesRM 5 per unit20,000Production Overhead24,000Selling & Distribution overhead18,000total cost78, 000net profit22,000The budgeted production overhead at a level of 5,000 units would beRM27,000. The Selling and distribution overhead contains a fixed cost ofRM10,000. The actual production and sales was 4,500 units. Whatwould be the revised net profit after flexing the budget?
13.Andy Lau limited manufactures a single product. Thebudgeted sales in units for December 20X9 are 9,350. Openingstock of the finished goods for the month is budgeted at 12,300units and the closing stock is budgeted at 13,500 units.Each unit of finish goods stock uses 3 kilos of raw material that isforecasted to cost RM4 per kilo. Opening stock of raw material atthe beginning of December 20X9 is forecasted t o be 19,000 kilos,but the closing stock for the month should fall to 15,000 kilos. Whatis the budgeted amount of raw material to be purchased in RM forDecember 20X9?
14.Ha Neul and Ji Hoon limited incurs the following costs andrevenues in the manufacturing and selling of 2000 units of productB:
RMDirect material23, 000Sales85, 000Depreciation on vehicle12, 000Variable administration Overhead10, 000Depreciation on machinery12, 000Direct wages8, 000Salesman’s commission on sales4, 000Factory supervisors salary6, 000What is the contribution per unit product B?

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Term
Fall
Professor
N/A
Tags
Balance Sheet, Generally Accepted Accounting Principles, Ahmad, Jason Castro

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