Given the following information:

Deluxe Homes is a residential Home Builder. Based on their current production of 300 homes per year, their costs per unit are:

(in $’000)

Direct labour                          $ 20

Direct materials                      200

Variable overhead                      30

Fixed overhead                           40

Variable selling costs                  10

Fixed selling costs                       10

Total cost per unit                  $310

Required (Each of these are separate situations):

1. What is the cost per unit if production is increased to 400 homes per year, and there is an increase of $3.50 million in total fixed costs?

2. What is the cost per unit if production is decreased to 270 homes per year, and there is a decrease of $2.04 million in total fixed costs?

Refer to the accompanying cost table. If a competitive firm faced with these costs finds that it can sell its product at $60 per unit, it will

Multiple Choice- SHOW WORK

• produce 6 units and incur a loss of $30.

• produce 7 units and realize a profit of $32.

• produce 5 units and incur a loss of $50.

• close down in the short run.

​Shirley, a recent college​ graduate, excitedly described to her older sister the ​$1,150 ​sofa, table, and chairs she found today.​ However, when asked she could not tell her sister which interest calculation method was to be used on her​ credit-based purchase. Calculate the monthly payments and total cost for a bank loan assuming a​ one-year repayment period and

13 % interest.​ Now, assume the store uses the​ add-on method of interest calculation. Calculate the monthly payment and total cost with a​ one-year repayment period and 11% percent interest. Explain why the bank payment and total cost are lower even though the stated interest rate is higher

​Shirley, a recent college​ graduate, excitedly described to her older sister the ​$1880 ​sofa, table, and chairs she found today.​ However, when asked she could not tell her sister which interest calculation method was to be used on her​ credit-based purchase. Calculate the monthly payments and total cost for a bank loan assuming a​ one-year repayment period and 14 percent interest.​ Now, assume the store uses the​ add-on method of interest calculation. Calculate the monthly payment and total cost with a​ one-year repayment period and 12 percent interest. Explain why the bank payment and total cost are lower even though the stated interest rate is higher.  

Given the following information:

Deluxe Homes is a residential Home Builder. Based on their current production of 300 homes per year, their costs per unit are:

(in $’000)

Direct labour                          $ 20

Direct materials                      200

Variable overhead                      30

Fixed overhead                           40

Variable selling costs                  10

Fixed selling costs                       10

Total cost per unit                  $310

Required

Each of these are separate situations:

1. What is the cost per unit if production is increased to 400 homes per year, and there is an increase of $3.50 million in total fixed costs?

2. What is the cost per unit if production is decreased to 270 homes per year, and there is a decrease of $2.04 million in total fixed costs?

C++ please

A milk carton can hold 3.78 liters of milk. Each morning, a dairy farm ships cartons of milk to a local grocery store. The cost of producing one liter of milk is $0.38, and the profit of each carton of milk is $0.27. Write a program that prompts the user to enter: The total amount of milk produced in the morning. The program then outputs: The number of milk cartons needed to hold milk. Round your answer to the nearest integer. The cost of producing milk. The profit for producing milk.

An input of 4900 must yield an output of:

How much milk did you produce? 4900
That is going to require 1296 cartons
Total Cost to Produce: $1862
Total Profit: $349.92

Tom Smith has two jobs to complete on Friday May 11, 20XX. He arrives at the workshop at 8.30 am and spends 30 minutes on administration tasks. Direct labour is charged at $30 and applied overhead is $38 per hour.

The job for Mr Brown takes five hours including one hour’s travelling time. He installs a new hot water service which has a material cost of $900.

On the way to his next job for Mrs Jones he spends 30 minutes travelling and 30 minutes having lunch then spends three hours finding and fixing leaks in the internal piping. He uses one metre of copper piping at a cost of $50 and some tape, soldering material and oxy acetylene gas.

All materials came from inventory and Tom returned to the workshop after completing the Jones’ job. It took one hour to drive back to the workshop.

Complete the daily job sheet and the job cost forms for each job:

2

Reconcile the purchase orders with invoices and complete the table.

Purchase orders

Invoice reference number C6851 is due on 30/11/XX, C6862 on 26/11/XX, C6869 on 26/11/XX and C6872 on 24/11/XX.

Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,600 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $726,104 in total. The ending work in process inventory in January consisted of 3,800 units, which were 80% complete with respect to materials and 60% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows:

Required:

1. Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month.

2. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total for January.

3. Compute the cost of the units transferred to the next department for materials, labor, overhead, and in total for January.

4. Prepare a cost reconciliation for January. (Note: You will not be able to break the cost to be accounted for into the cost of beginning work in process inventory and costs added during the month.)