Refer to the exhibit.
A company issued its production budget based on an anticipated output of 800 units. Actual output was 1000 units. The details of the costs are shown below:
The budget expenditure variance was:
Refer to the exhibit.
A company has the following budget information for next year:
The budgeted profit for the year is
Refer to the exhibit.
A proposal to purchase a new packing machine contains the following estimates.
In addition it is estimated that a supervisor who is currently paid a salary of $30,000 will spend 5% of their time overseeing the operation of this machine.
The cost of capital is 16%.
The net present value (NPV) for the investment in the machine is closest to
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,
TESTED 05 May 2024
