how many units of each item should company produce to maximize profit? please solve using solver. previous expertanswer is incorrect. Given: Total fabric available: 7700 m2 Total labour hours available: 2, 000 € Skirts Maximum unitsthat can be produced: 1500 Profit per unit: 38 €. Fabric required per unit (m2): 3. Direct Labor required hours perunit: 0.5 Blouses Maximum units that can be produced: 2000 Profit per unit: 28 € Fabric required per unit (m2): 2.Direct Labor required hours per unit: 0.5 Scarves Maximum units that can be produced: 1000 Profit per unit: 17.5 €.Fabric required per unit (m2): 1. Direct Labor required hours per unit: 0.25

The objective of the question is to determine the optimal production quantity of each item (skirts,…

Answered: how many units of each item should…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Assume that the linear cost and revenue models apply. An item costs $13 to make. If fixed costs are $1600 and profits are $5700 when 100 items are made and sold, find the revenue equation. (Let x be the number of items.)R(x) =
Evaluate the quantity at which revenue equals to costs (break-even point). <use Goal seek> Assumptions: Fixed cost: 5000 Material costs per item: 2.25 Labor costs per item: 6.5 Shipping costs per 100 items: 200 Price per item: 12.99
Given the following information for SAMAH Company, answer the following questions: RO 260 840 Units RO 145 R.O 620,000 Selling price (per unit) Number of units sold Variable cost (per unit) Fixed cost 1. Calculate contribution margin ratio 2. Find Breakeven Point in amount 3. Find Breakeven Point in units P =1
REQUIRED Calculate the following from the information provided below: 3.1 3.2 3.3 3.4 3.5 The total Marginal Income and Net Profit/Loss if all 10 000 units are sold. Break even value by using the marginal income ratio Margin of safety (in units) The sales volume required to earn a net profit of R560 000 The total Marginal Income and Net Profit/Loss if all the manufacturing costs increase by 10%. INFORMATION Tafel Limited manufactures tables. The following information was extracted from the budget for the month ended 31 August 2023: Sales Direct materials cost per unit Direct labour cost per unit Variable manufacturing overhead costs per unit Variable selling costs per unit Fixed manufacturing overhead cost Fixed selling and administrative costs 10 000 units at R200 per unit R50 R34 R24 R12 R230 000 R170 000
Given the following cost and activity observations for Leno Enterprises'utilities, use the high-low method to calculate Leno's variable utilities cost permachine hour. Cost Machine HoursSeptember £4,100 22,000October £3,700 18,000November £3,900 19,000December £4,500 28,000a) £0.08b) £4.86c) £0.25d) £12.50
Chapter 25 eBook 4 Show Me How Product Cost Method of Product Costing Voice Com, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 5,270 cell phones are as follows: Variable costs per unit: Fixed costs: Direct materials $71 Factory overhead $199,500 Direct labor 37 Selling and administrative expenses 70,800 Factory overhead 22 Selling and administrative expenses 22 Total variable cost per unit $152 Voice Com desires a profit egual to a 15% rate of return on invested assets of $601,600. a. Determine the amount of desired profit from the production and sale of 5,270 cell phones. $ 90,240 v b. Determine the product cost per unit for the production of 5,270 of cell phones. Round your answer to the nearest whole dollar. 168 V per unit c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. 31 х%
Analyzing Income under Absorption and Variable Costing Variable manufacturing costs are $83 per unit, and fixed manufacturing costs are $126,000. Sales are estimated to be 6,000 units. If an amount is zero, enter "0". Round intermediate calculations to the nearest cent and your final answers to the nearest dollar. a. How much would absorption costing operating income differ between a plan to produce 6,000 units and a plan to produce 8,400 units?$ b. How much would variable costing operating income differ between the two production plans?$
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Use the accompanying Profit_Analysis spreadsheet model to answer the following questions. Assumptions: Fixed cost: $ 5,000.00 Material costs per item: $ 2.25 Labor costs per item: $ 6.50 Shipping costs per 100 items: $ 200.00 Price per item: $ 12.99 Quantity: 2000 Outputs: Total revenues: $ 25,980.00 Total costs: $ 26,500.00 Total profits: $ -520.00 1. Use the data table tool to show the impact of quantity ranging from 1,500 to 5,000 with 500 unit increments on the total revenues, total costs, and total profits. What are the revenues, costs, and profits for 3,500 units? 2. Use the data table tool to show the impact of labor costs ranging from $5.00 to $8.00 with $0.50 increments and price per item ranging from $10.99 to $15.99 with $1.00 increments on the total profits. What is the total profit if the labor costs are $6.50, and the price is $14.99? Note: Round your answers to 2 decimal places. 3.…
Analyzing Income under Absorption and Variable Costing Variable manufacturing costs are $99 per unit, and fixed manufacturing costs are $215,600. Sales are estimated to be 7,700 units. If an amount is zero, enter "0". Round intermediate calculations to the nearest cent and your final answers to the nearest dollar. a. How much would absorption costing operating income differ between a plan to produce 7,700 units ard a plan to produce 9,800 units? b. How much would variable costing operating income differ between the two production plans? 0 Feedback Check My Work a. Remember that under variable costing, regardless of whether 7,700 units or 9,800 units are manufactured, no fixed manufacturing costs are allocated to the units manufactured. Instead, all fixed manufacturing costs are treated as a period expense. Therefore the change in units times the per unit fixed costs for the greater production level is the difference in income between the two costing methods. b. Remember that since all…
Analyzing Income under Absorption and Variable Costing Variable manufacturing costs are $86 per unit, and fixed manufacturing costs are $64,800. Sales are estimated to be 5,400 units. If an amount is zero, enter "0". Round intermediate calculations to the nearest cent and your final answers to the nearest dollar. a. How much would absorption costing operating income differ between a plan to produce 5,400 units and a plan to produce 7,200 units? X b. How much would variable costing operating income differ between the two production plans? $ X

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