Amu Ltd manufactures Produce Callestemon. Information relating to this product is given below. Each Callestemon uses...

Amu Ltd manufactures Produce Callestemon. Information relating to this product is given below.

Each Callestemon uses 2kg of material Q at a standard cost of ₵30 per kg, 6 hours of labour at ₵10 per hour. Variable overheads have a standard cost of ₵15 per hour. The company has fixed production overheads of GH₵20,000 and is budgeting to produce 500 units. A standard profit of ₵100 is added to cost to determine standard price.

(i) You are require to prepare the standard cost card for product Callestemon.

Expert Solution

ekkarill92 answered 2 years ago

Below is the information relating to The Funny Guys Ltd for the year ended 31 December...

Below is the information relating to The Funny Guys Ltd for the year ended 31 December 2019: The Funny Guys Ltd Comparative Statement of financial positions as at 31 December 2019 2019 2018 Assets Cash $1,885 $2,875 Accounts receivable 44,650 29,250 Merchandise inventory 60,950 51,325 Investments (long term) 40,300 43,500 Property, plant, and equipment 125,000 112,500 Accumulated depreciation (24,750) (20,000) Total assets $248,035 $219,450 Liabilities and Equity Accounts payable $26,350 $24,140 Income tax payable 3,635 0...

The exact masses of each isotope of magnesuim are given below. Mg 24- 23.99 amu Mg...

The exact masses of each isotope of magnesuim are given below. Mg 24- 23.99 amu Mg 25- 24.99 amu Mg 26- 25.98 amu Mg 24 is 78.99% abundant. Calculate the % abundance of the other two isotopes.

Mallard Corporation uses the product cost concept of product pricing. Below is cost information for the...

Mallard Corporation uses the product cost concept of product pricing. Below is cost information for the production and sale of 45,000 units of its sole product. Mallard desires a profit equal to a 12% rate of return on invested assets of $800,000. Fixed factory overhead cost $82,000 Fixed selling and administrative costs 45,000 Variable direct materials cost per unit 5.50 Variable direct labor cost per unit 7.65 Variable factory overhead cost per unit 2.25 Variable selling and administrative cost per...

Please assist with the question below. Teddy Ltd manufactures and sells a single product. The organisation...

Please assist with the question below. Teddy Ltd manufactures and sells a single product. The organisation uses a fully integrated absorption costing system for both internal and external reporting purposes. The comparative monthly results for the most recent two months (February and March 2019) have just been tabled at a meeting. The sales director says, our break-even point is 15 128 units. In February, we sold above our break-even point and made loss, and in March we sold below break-even...

Williams Ltd manufactures and sells a single product. The selling price is R18. The following information...

Williams Ltd manufactures and sells a single product. The selling price is R18. The following information relates to its yearly production and cost data. (Assume that there is no change to the stock level of the company.) Unit Total Year Volume Cost R 1 300 000 4 000 000 2 150 000 2 800 000 3 420 000 6 600 000 4 280 000 3 900 000 5 230 000 3 200 000 6 120 000 2 100 000 Required:...

DCK (Pty) Ltd produces a single product. You were given the following information regarding the product:...

DCK (Pty) Ltd produces a single product. You were given the following information regarding the product: Pula (per unit) Selling price 60.00 Variable production costs 12.00 Variable selling cost 4.00 Fixed production cost 40.00 Fixed selling cost 8.00 Budgeted production is 10,000 units. Required: Determine the following: a. Breakeven point in units b. Number of units to be sold if the company wants to achieve a profit of P110,000. c. Breakeven point in Pula, if the variable production cost and...

Below is the information on the operation of Spice Sdn. Bhd. which manufactures a health product...

Below is the information on the operation of Spice Sdn. Bhd. which manufactures a health product under the brand name SS: Standard Cost Card RM Direct material 0.8kg at RM12 per kg 9.60 Direct labour 3 hours at RM6 per hour 18.00 Variable overhead 4 hours at RM2.90 per hour 11.60 39.20 For the month of July 2020, the company has estimated to manufacture and sell 4,875 units of SS at a standard...

Presented below is information related to Kiwi Ltd. for calendar 2020. The corporation uses IFRS. Defined...

Presented below is information related to Kiwi Ltd. for calendar 2020. The corporation uses IFRS. Defined benefit obligation, Jan 1...................... $720,000 Fair value of plan assets, Jan 1........................ 700,000 Current service cost......................................... 90,000 Contributions to plan....................................... 125,000 Actual and expected return on plan assets...... 56,000 Past service costs (effective Jan 1).................. 10,000 Benefits paid to retirees.................................. 96,000 Interest (discount) rate.................................... 9% The pension expense to be reported for 2020 is: A) $108,800 B) $60,000 C) $140,000 D) $109,700 The balance...

A paper manufacturer uses 3 different automated production lines to produce its’ product. Each line was...

A paper manufacturer uses 3 different automated production lines to produce its’ product. Each line was installed at different times as the business grew. The business started with the first machine in 2005, the 2nd line was added in 2010, and the 3rd line was installed in 2015. Each line operates 24 hours/day, 7 days/week and are only down when switching between types of paper, clearing jams, and performing routine maintenance. Because of their age differences each line has a...

Topic: Budgeting Lionel Ltd manufactures and sells Product X for $38 each. The sales forecast of this...

Topic: Budgeting Lionel Ltd manufactures and sells Product X for $38 each. The sales forecast of this product for January, February and March and April 2021 is 12,000 units, 16,000 units, 22,000 units and 25,000 units respectively. Each unit of Product X requires 0.5 kg of material and 2.5 labour hours to produce. The material is bought from a local supplier at $4 per kg. The expected labour rate is $8 per hour. Factory overhead cost is allocated based on $0.6...

Question