During the completion of Job A, £1,000 worth of material was transferred to it from Job B which had finished ahead of schedule.
How will this be inputted into the Job B account?
Refer to the exhibit.
Budget information for 'Cast Engineering' is as follows:
The budget cost allowance for an output of 1,300 units is:
A feature of a normal curve is that it is asymptotic, meaning that _______.
JB has fixed costs of $120,000 per annum. It manufactures a single product which it sells for $12 per unit. It has a profit/volume ratio of 60%.
JB’s break-even point is
Refer to the exhibit.
The following standard cost information relates to the production department of Brace Engineering Ltd.
The actual data for the month of March was as follows:
What is the direct labour rate variance (to the nearest whole number)?
Refer to the exhibit.
The following costs apply to batch 325, which consists of 10000 units of identical products:
The company charges selling and administration costs at a rate of 20% of production costs and wishes to achieve a profit margin of 20% of sales.
What is the required selling price per unit of product?
Give your answer to 2 decimal places.
A company employs 28 production workers for 40 hours per week. The workers are paid $6 per hour during normal time and an overtime premium of 20%. It is anticipated that the employees will work at 95% efficiency.
Budgeted production for next week is 608 units and each unit requires 2 direct labour hours.
What is the direct labour cost budget for the week?
It is company policy that the closing inventory of finished goods must be equal to 10% of the following month's budgeted sales. The budget sales for November and December are 50,000 and 40,000 units respectively.
The budgeted production for November will be
Refer to the exhibit.
Budgeted data for the month of August for product E is given below:
Each unit of E takes 8 labour hours to make and due to stringent quality control standards, 5% of units are rejected after completion.
The direct labour hour budget for the month of August is:
Refer to the exhibit.
A departmental budgetary control report for the latest period includes the following information.
The budgeted variable production cost per unit is
