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chem manufactures a single product product W and have provided you with the following information which relates to the period which has just ended
Standard cost per unit of product W
Materials Price per kilo total
Kilos $ $
F 15 4 60
G 12 3 36
H 8 6 48
35 144
Labour: Rates per hour
Hours $
Department P 4 10 40
Department Q 2 6 12
196
Budgeted sales for the period are 4,500 units at $ 260 per unit There were no budgeted opening or closing inventories of product W.
actual materials and labour used was as follows
Materials price per kilo total
Kilos $ $
F 59,800 4.25 254,154
G 53,500 2.80 149,800
H 33,300 6.40 213,120
Lab our hours rate per hour
Department P 20,500 10.60 217,300
Department Q 9.225 5.40 51.660
4,100 units of product were produced and sold for $1,115,800.
Calculate the following variances
Material price
material Mix
Material usage
Standard cost per unit of product W
Materials Price per kilo total
Kilos $ $
F 15 4 60
G 12 3 36
H 8 6 48
35 144
Labour: Rates per hour
Hours $
Department P 4 10 40
Department Q 2 6 12
196
Budgeted sales for the period are 4,500 units at $ 260 per unit There were no budgeted opening or closing inventories of product W.
actual materials and labour used was as follows
Materials price per kilo total
Kilos $ $
F 59,800 4.25 254,154
G 53,500 2.80 149,800
H 33,300 6.40 213,120
Lab our hours rate per hour
Department P 20,500 10.60 217,300
Department Q 9.225 5.40 51.660
4,100 units of product were produced and sold for $1,115,800.
Calculate the following variances
Material price
material Mix
Material usage
The company has been reporting its profits using absorption costing system. During the financial year ended 30 September 2015, the following summary statement was provided:Currently the company is implementing strategies to improve its profitability, which are to be implemented in two phases; A and B. Each phase will cover a period of six months.The expected production and sales in units for each of the phases are shown:The fixed costs are expected to increase by 20% while the variable costs per unit will remain as they were in the previous period. The selling price per unit will be Shs. 1,500.Required:a) Profit and loss statements for phases A and B using:i)Marginal costing.
ii)Absorption costingb)Briefly explain the differences resulting from the two methods employed in (a) above of reporting profits.c) Reconcile the resulting difference in the reported profit under the two methods.d)Briefly explain which of the two methods is better in estimating profits of a manufacturing enterprise.
ii)Absorption costingb)Briefly explain the differences resulting from the two methods employed in (a) above of reporting profits.c) Reconcile the resulting difference in the reported profit under the two methods.d)Briefly explain which of the two methods is better in estimating profits of a manufacturing enterprise.
When you're solving a trig equation and it asks you to solve each equation for all values of x, do you have to give the answer in "for any integer n" form?
A company produces their products P,Q and R from raw materials A,B and C .
To produce one unit of the product P, 2 units of A, 5 units of B and 4 units of C are
required. To produce one unit of the product Q, 1 unit of A, 1 unit of B and 2 units
of C are required. To produce one unit of the product R, 1 unit of A, 1 unit of B and ,
1 unit of C are required. Profits per unit of the products P,Q and R are Rs.10, Rs 5
and Rs. 4 respectively. The company has 10 units of A, 20 units of B and 20 units of
C. Formulate the problem of maximization of profit as a LPP.
To produce one unit of the product P, 2 units of A, 5 units of B and 4 units of C are
required. To produce one unit of the product Q, 1 unit of A, 1 unit of B and 2 units
of C are required. To produce one unit of the product R, 1 unit of A, 1 unit of B and ,
1 unit of C are required. Profits per unit of the products P,Q and R are Rs.10, Rs 5
and Rs. 4 respectively. The company has 10 units of A, 20 units of B and 20 units of
C. Formulate the problem of maximization of profit as a LPP.
A pay-off matrix can have more than one saddle point. True or false
In a transportation problem, if all the source availabilities a_i and all the requirements
b_j are integers, then the optimal solution consists of integers only.
Its True or false ?
b_j are integers, then the optimal solution consists of integers only.
Its True or false ?
Math
The cost vector in a LPP becomes an activity vector in its dual problem.
Use the mean value theorem to show that x is smaller than sin inverse x for x is greater than 0
1. A certain lot is in the shape of a parabola bounded by a slant line. The parabola is defined by the equation y = x^2 – 2 and the line at y = x. If the lot is bounded by the coordinates at
x = 2 and x = -1 then what is the area of the lot?
x = 2 and x = -1 then what is the area of the lot?
Apply Simpson’s rule, as well as the trapezoidal rule, for evaluating integration limit 4 to 8 dx/x to obtain an approximate value of l n 2 . [Take 4 subdivisions of the interval.]
