pls help
Primble
Registered Posts: 734 Epic contributor 🐘
hey, am doing a kaplan engae thing and got th following question. not sure what the answer is and there aren't answers so can't work it out from that
A company produces and sells product Y. Budget and actual data is as follows:
Budget Actual
Sales ( units ) 100,000 120,000
Sales Revenue £995,000 £1,200,000
Direct Costs £280,000 £360,000
Variable Production O/H £56,000 £60,000
Fixed Production Costs £290,000 £300,000
Fixed Admin Costs £364,000 £360,000
PROFIT £5,000 £120,000
Profit / ( loss ) per the flexed budget will be:
A £6000
B £(6000)
C £136,800
D £(136,800)
oh is it A?
A company produces and sells product Y. Budget and actual data is as follows:
Budget Actual
Sales ( units ) 100,000 120,000
Sales Revenue £995,000 £1,200,000
Direct Costs £280,000 £360,000
Variable Production O/H £56,000 £60,000
Fixed Production Costs £290,000 £300,000
Fixed Admin Costs £364,000 £360,000
PROFIT £5,000 £120,000
Profit / ( loss ) per the flexed budget will be:
A £6000
B £(6000)
C £136,800
D £(136,800)
oh is it A?
0
Comments
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what about this one?
A company produces 1 product for which budget and actual data are shown below:
Budget Budget Actual
10,000 11,000 11,500
Units Units Units
Turnover (£) 200,000 220,000 222,000
Dir Labour (£) 35,000 38,500 41,000
Dir Materials (£) 50,000 55,000 56,500
Overheads (£) 45,000 48,500 49,500
Which of the following statements is correct:
The flexed budget shows a profit of £82,000
The flexed budget shows a profit of £81,545
The flexed budget shows a profit of £78,000
The flexed budget shows a profit of £70,0000 -
Do you think it might be c ?
120000 units
Revenue .£1,194,000
Direct cost £336,000
Variable ovd £67,200
Fixed prodn £290,000
Fixed admin £364,000
Op'ting profit£136,800Sandy
sandy@sandyhood.com
www.sandyhood.com0 -
A £82,000 profitSandy
sandy@sandyhood.com
www.sandyhood.com0 -
would you mind breaking those down in simple terms for me please? i thought the first one was a!0
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I agreed, answer i think is C 136,8000
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Im not sure your data is correct in the 2nd question cz i dont get any of the options?????0
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stuartander wrote: »Im not sure your data is correct in the 2nd question cz i dont get any of the options?????
it's an online thing so i just copied and pasted0 -
A company produces and sells product Y. Budget and actual data is as follows:
.....................................Budget.................,........................Flexed........... Actual
Sales ( units )..................100,000........................................120,000..........120,000
Sales Revenue................£995,000..(divide by 100 times 120)...£1,194,000......£1,200,000
Direct Costs...................£280,00..(divide by 100 times 120).......£336,000........ £360,000
Variable Production O/H...£56,000..(divide by 100 times 120).........£67,200......... £60,000
Fixed Production Costs....£290,000..(FIXED not flexed)................£290,000........£300,000
Fixed Admin Costs..........£364,000...(FIXED not flexed)...............£364,000........£360,000
PROFIT........................£5,000.............................................£136,800........ £120,000
Profit / ( loss ) per the flexed budget will be:
A £6000
B £(6000)
C £136,800 ..........................This is correct answer
D £(136,800)0 -
Ahhhhhh i get it. thanks everyone. i was being silly0
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