Business Accounting – Question Answers
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Question 1Vilar Ltd is considering eliminating Model XP from its motorbikes line because of loses over the past quarter. The past three months of information for Model XP are summarised below:Sales (832 units): $254,845Manufacturing costs:Direct materials: $157,006Direct labour: $60,005Overhead: $83,109Overhead costs are 53% variable and all the rest are fixed costs (depreciation of special equipment for Model XP that has no resale value).What is the minimum price (rounded using two decimals) Vilar should sell Model XP to do not drop this product from the product line? (157,006 + $60,005 +$83,109 x 0.53)/832Selected Answer:[pic 1] 261,058.77Correct Answer:[pic 2] 313.77 ± 0.1Question 20.125 out of 0.125 pointsBudget refrigerators Ltd currently manufactures different sizes of refrigerators. An outside supplier has offered to supply all of the needed compressors for the refrigerators. For this make-or-buy decision, a cost analysis revealed the following avoidable unit costs for the compressors:Direct materials $34Direct labour $36Unit-related support costs $34Batch-related support costs $30Product-sustaining support costs $44Facility-sustaining support costs $39The relevant cost per compressor is: Add all costs Selected Answer:[pic 3] 217Correct Answer:[pic 4] 217 ± 0Question 30.125 out of 0.125 pointsQuality Sheds Ltd is approached by Mr Carlos Toro, a new customer, to fulfill a large one-time-only special order for a shed similar to those offered to regular customers. The following per unit data apply for sales and installation of a shed to regular customers:Direct materials $371Direct labour $578Variable manufacturing support $153Fixed manufacturing support $174Markup 42%Quality Sheds has excess capacity. Mr Toro wants the sheds with a modification that will increase its direct materials costs by $95 per unit.For Quality Sheds Ltd, what is the minimum acceptable price of this one-time-only special order (rounded to the nearest integer)? 371 + 578 + 153 + 95 Selected Answer:[pic 5] 1,197Correct Answer:[pic 6] 1,197 ± 0Question 40.125 out of 0.125 pointsA relevant cost is a cost that is a (n):Selected Answer:[pic 7] future costCorrect Answer:[pic 8] future costQuestion 50.125 out of 0.125 pointsEmployee morale at Dos Santos, Inc., is very high. This type of information is known as a:Selected Answer:[pic 9] qualitative factorCorrect Answer:[pic 10] qualitative factorQuestion 60.125 out of 0.125 pointsVilar Ltd is considering eliminating Model XP from its motorbikes line because of loses over the past quarter. The past three months of information for Model XP are summarised below:Sales (1,129 units): $249,721Manufacturing costs:Direct materials: $151,751Direct labour: $64,901Overhead: $83,628Overhead costs are 61% variable and all the rest are fixed costs (depreciation of special equipment for Model XP that has no resale value).Calculate the increase/(-)decrease in operating income (rounded using two decimals) if Model XP is dropped from the product line. ($151,751 + $64,901 + $83,628 x 0.61) – 249,721 Selected Answer:[pic 11] 17,944.08Correct Answer:[pic 12] 17,944.08 ± 0.1
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