pls help

Primble

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?

Primble

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 £70,000

SandyHood

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£136,800

SandyHood

A £82,000 profit

Primble

would you mind breaking those down in simple terms for me please? i thought the first one was a!

stuartander

I agreed, answer i think is C 136,800

stuartander

Im not sure your data is correct in the 2nd question cz i dont get any of the options?????

Primble

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 pasted

sdv

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)

Primble

Ahhhhhh i get it. thanks everyone. i was being silly

PGM

Primble wrote: »

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

I've used Kaplans engage, theres usually and "expand solution" for the illustrations?