logo

Practical Set 1,2,3

   

Added on  2022-12-28

9 Pages1367 Words65 Views
 | 
 | 
 | 
PRACTICAL SET 1,2,3
Practical Set 1,2,3_1

TABLE OF CONTENTS
QUESTION 1...................................................................................................................................3
A..................................................................................................................................................3
B..................................................................................................................................................4
C..................................................................................................................................................5
D..................................................................................................................................................5
QUESTION 2...................................................................................................................................5
A..................................................................................................................................................5
B..................................................................................................................................................7
QUESTION 3...................................................................................................................................7
REFERENCES................................................................................................................................9
Practical Set 1,2,3_2

QUESTION 1
A.
Lipstick Lip-balm Lip-gloss
Units 30000 35000 3000
Sales 660000 910000 72000
Material Cost 150000 350000 30000
Labor Cost 450000 350000 30000
Overhead Costs 124698.795 96987.952 8313.253
(Based on Labor Hours)
724698.795
796987.95
2 68313.253
Net Profit/ Loss -64698.795
113012.04
8 3686.747
Cost per unit 24.16 22.77 22.77
Total Cost per unit Lipstick Lip-balm Lip-gloss
Selling Price 22 26 24
Cost per unit 24.16 22.77 22.77
Profit/Loss per unit -2.16 3.23 1.23
Calculation of Absorption rate based on labor
hours
Setup Costs 120000
Receiving Costs 30000
Dispatch 15000
Machining 65000
Total 230000
1.38554216
9
Total Labor Hours 166000
Overhead Cost 230000
Overhead Absorption Rate
230000/16600
0
(Based on Labor Hours) 1.3855
Lipstick Lip-balm Lip-gloss
Total Labor Hours 90000 70000 6000
Practical Set 1,2,3_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents