CVP Analysis Guide to marks: 20 marks – 4 for a, 4 for b, 4 for c, 8 for d Show all calculations to support your answers. A manufacturer can make two products, A and B. The following data are available:B Product A B Total Sales price per unit $10 $20 Variable cost per unit $5 $12 Total fixed costs $4,000 (a) Calculate the unit contribution margin for each product. (b) This month the manufacturer will specialise in making only Product B. How many does he need to sell to break even? (c) If they specialise in making only A what is the breakeven sales volume for the month in sales dollars? (d) He now decides to manufacture both A and…

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Bo Vonderweidt, the production manager for Sportway Corporation, had requested to have lunch with the company president.  Vonderweidt wanted to put forward his suggestion to add a new product line.  As they finished lunch, Meg Thomas, the company president, said, “I’ll give your proposal some serious thought, Bo.  I think you’re right about the increasing demand for skateboards. What I’m not sure about is whether the skateboard line will be better for us than our tackle boxes. Those have been our bread and butter the past few years.” Vonderweidt responded with, “Let me get together with one of the controller’s people.  We’ll run a few numbers on this skateboard idea that I think will demonstrate the line’s potential.” Sportway is a…

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Question 1 (Total marks for this question = 10 marks) Suppose $1,000 is invested each year for 5 years at an interest rate of 10% per annum compounded. Calculate the future value of the investment if the payments are invested at the end of each year and the compounding is annual compounding. (2 marks) Calculate the future value of the investment if the payments are invested at the beginning of each year and the compounding is annual compounding. (2 marks) Calculate the future value of the investment if the payments are invested at the end of each year and the compounding is monthly compounding. (2 marks) Explain what is meant by continuous compounding. (2 marks) Calculate the future value of the…

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Mackay Ltd reported sales revenue of $16 million for the year ended 30 June 2017. In preparing the financial statements the following matters were considered: (a) Income tax expense for the year ended 30 June 2017 was $218 640. (b) Financial restructuring has resulted in the disposal of land, bought in 2006 for future expansion, for a profit of $200 000. (c) A dividend of $26 000 has been received from a subsidiary company. (d) Other expenses incurred: Interest $480,000 Wages and salaries 5,492,000 Selling expenses 2,500,000 Administration expenses 100,000 Bad debts 200,000 Other expenses 440,667 Electricity/water 480,000 Cost of sales 5,000,000     (e) On 10 October 2016, plant with a carrying amount of $320 000 was destroyed by an…

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AC202/ACC2004 Financial Accounting Standards and Corporate Reporting Excel Assignment – 15% Farhmahouse Ltd reported sales revenue of $16 million for the year ended 30 June 2013. In preparing the financial statements the following matters were considered: (a) Income tax expense for the year ended 30 June 2013 was $218 640. (b) Financial restructuring has resulted in the disposal of land, bought in 2002 for future expansion, for a profit of $200 000. (c) A dividend of $26 000 has been received from a subsidiary company. (d) Other expenses incurred: Interest $480,000 Wages and salaries 5,492,000 Selling expenses 2,500,000 Administration expenses 100,000 Bad debts 200,000 Other expenses 440,667 Electricity/water 480,000 Cost of sales 5,000,000     (e) On 10 October 2012, plant…

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ACC210 Major Assignment (Task 2)   Question 1: (Approximately 400 words)   Exercise 3.1- Valuation premise for measurement of fair value Maple Ltd conducts a business that makes women’s shoes. It operates a factory in an inner suburb of Perth. The factory contains a large amount of equipment that is used in the manufacture of shoes. Maple Ltd owns both the factory and the land on which the factory stands. The land was acquired in 2007 for $200 000 and the factory was built in that year at a cost of $520 000. Both assets are recorded at cost, with the factory having a carrying amount at 30 June 2017 of $260 000.   In recent years a property boom in…

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MPA903 Advanced Corporate Reporting Individual Assignment (30%) Semester 2, 2017 QUESTION 1 At 1st July 2016, Green Bay Ltd’s opening balances of asset and liability accounts for both accounting and tax purposes were shown as follows:   Accounting Tax Goodwill $800,000 (Dr.) Nil Plant and equipment (net) $640,000 (Dr.) 600,000 (Dr.) Provision for long service leave $100,000 (Cr.) Nil Accounts Receivable (net) $320,000 (Dr.) $350,000 (Dr.) Provision for Warranty expenses $75,000 (Cr.) Nil Research and development expenses Nil Nil Deferred tax assets (DTA) 49,500 (Dr.)   Green Bay Ltd’s operating profit before income tax was $3,500,000 for the year ended 30th June, 2017. In preparing the financial statements for the year ended 30th June, 2017, the company accountant used the following…

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Question 2 [20 marks] Topic 4: Accounting for equity   On 1 July 2016, Ansett Ltd was incorporated and offered 5,000,000 ordinary shares to the public at an issue price of $2.00 per share, with $1.50 payable on application, and $0.30 due within one month of allotment and $0.20 payable on a call to be made at a later date.   By 31 July 2016, applications had been received for 5,500,000 shares. On 12 August 2016, 5,000,000 shares were allotted, and excess application money refunded to unsuccessful applicants. All allotment money was received by 12 September 2016.   On 20 March 2017, the call was made with money due by 30 April 2017. By 30 April 2017, all call money was…

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Question 1 [40 marks]    Topics 1 to 3 - Consolidation: Principles, accounting requirements, intra-group transactions and non-controlling interests   Parent Ltd acquired 80% of the issued shares of Subsidiary Ltd on 1 July 2014. At the acquisition date, the equity of Subsidiary Ltd consisted of Share Capital of $200,000; Retained Earnings of $ 74,000 and General Reserve of $6,000.   Parent Ltd uses the full goodwill method. The fair value of non-controlling interest at 1 July 2014 was $63,000.   All the identifiable net assets of Subsidiary Ltd were recorded at fair value at the date of acquisition, except for the following assets:     Carrying amount Fair value   $ $ Plant (cost $150,000) 100,000 110,000 Land 60,000 76,000…

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