CORRECT TEXT Refer to the exhibit. The following budget details are available for Superkite Limited which manufacture a single product: The raw materials purchases budget is

CORRECT TEXT Refer to the Exhibit. PJ Ltd has forecast that the relationship between total overheads and machine hours will be as follows: If the budget is to be based on 4,000 machine hours, the variable overhead absorption rate will be: *per machine hour. Give your answer to 2 decimal places.

CORRECT TEXT Refer to the Exhibit. A company operates a batch costing system. Production overhead costs are absorbed into the cost of batches using a direct labour hour rate. Other overhead costs are absorbed at a rate of 20% of total production cost. The company adds a mark-up of 10% to total cost in order to derive its selling prices. Budgeted production overheads for the period are $44,000 and the budgeted level of activity is 8,800 direct labour hours. The following data are available for batch number 309: The required selling price per unit (to two decimal places) is:

CORRECT TEXT PQR Manufacturing Ltd. has £3,000,000 of fixed costs for the forthcoming period. The company produces a single product 'X', which has a selling price of £75 per unit and total cost of £50. 75% of the total cost represents variable costs. How many units (to the nearest whole unit) will the organization need to produce and sell to generate a profit of £500,000?

CORRECT TEXT The selling price of product 'P' is £20 per unit. Variable costs are £6 per unit and total fixed costs are £140,000 each year. To earn a profit of £70,000 each year, the annual sales will need to be, to the nearest 1,000 units,

CORRECT TEXT Refer to the exhibit. The budgeted sales revenues for a retailer are as follows: The payment patterns of customers are expected to be as follows: *The remaining 10% of sales are bad debts. *A discount of 20% is given on cash sales. The budgeted receipts from customers in December are:

CORRECT TEXT Refer to the exhibit. The budgeted contribution for last month was $53,600. The variances reported were as follows: The actual contribution for last month was:

CORRECT TEXT Refer to the exhibit. A machine costing $47,000 will generate the following accounting profits: The annual charge for depreciation is $9,000. The cost of capital is 12%. The net present value of the investment in the machine is: