Pre Master Accounting by Usic https://padlet.com/usictech/8w4eyv2ibg7y5mut Group5 - Semester 1 Week 08 Seminar 1 en-us 2023-03-15 10:52:47 UTC 2023-03-15 12:23:34 UTC hello@padlet.com GROUP 5 yzhang694 https://padlet.com/usictech/8w4eyv2ibg7y5mut/wish/2517629351 Activity 2
Q2:
a)BEP=FIX COST / CONTRIBUTINO=
      8000/(26-16)=800UMITS
b)BEP sales=800units *26=20800
c)Estimated profit =revenue -cost
    =3500*26-(3500*16+8000)
    =27000
d)NEW BEP=8000/(27-16)=727
and it will decrease


]]> 2023-03-15 11:55:22 UTC https://padlet.com/usictech/8w4eyv2ibg7y5mut/wish/2517629351 Group1：Shiyuan Yang , Yuhui Xie, Yitian Wang https://padlet.com/usictech/8w4eyv2ibg7y5mut/wish/2517631170 A)
BEP=fixed costs/(sales revenue per unit - variable costs per unit)
8000/(26-16)=800


B） break-even sales = break even unit x price=800x26=20,800

C) profit=revenue-variable costs-fixed costs=3,500x26-3,500x16-8000=27,000

D) new BEP=fixed cost/(new revenue-variable costs)
=8000/(27-16)=727.27=728
]]> 2023-03-15 11:56:47 UTC https://padlet.com/usictech/8w4eyv2ibg7y5mut/wish/2517631170 Group 6 Yuchen Li, Yifan Zhao, Zirui Xu yli545 https://padlet.com/usictech/8w4eyv2ibg7y5mut/wish/2517637978 Q1：cost of material, wages of workers are direct costs
others are indirect costs
Q2:
Fixed cost: rent of factory, insurance, Fixed salaries
Stepped fixed: water charges, rent for storage warehouse
Variable: direct materials, direct labour
Semi variable: monthly telephone charges

]]> 2023-03-15 12:02:14 UTC https://padlet.com/usictech/8w4eyv2ibg7y5mut/wish/2517637978 Group 3 Shaochen Xu, Yunxiang Zhang, Zikeng Zheng https://padlet.com/usictech/8w4eyv2ibg7y5mut/wish/2517646748 Q1:
Direct costs:
- The cost of materials used in making toys 
- The wages of workers on a production line in toy factory 

Indirect costs:
- Telephone charges
- Costs of wages of non-production staff, such as managers, secretaries, accountants, etc.
- Insurance premiums
- Depreciation charge for machines
- Running costs of delivery vehicles

Q2:
 Fixed cost:
- Rent of the factory
- Insurance of the factory building
- Fixed salaries for factory managers 

Stepped fixed cost:
- Water charges 
- Rent for storage warehouses 

Variable cost:
- Direct materials
- Direct labour 

Semi-variable cost:
- Monthly telephone charges 


]]> 2023-03-15 12:09:10 UTC https://padlet.com/usictech/8w4eyv2ibg7y5mut/wish/2517646748 Group4 Hanyang Zhang, Hanzhou Wang, Huiyi Qiu hzhang2211 https://padlet.com/usictech/8w4eyv2ibg7y5mut/wish/2517646787 Question 1
Direct cost:
The cost of materials used in making toys
The wages of workers on a production line in toy factory
Indirect cost:
Telephone charges
Costs of wages of non-production staff, such as managers, secretaries, accountants, etc.
Insurance premiums
Depreciation charge for machines
Running costs of delivery vehicles


Question 2
Fixed cost:
Rent of the factory 
Insurance of the factory building 
Fixed salaries for factory managers 

Step fixed cost:
Water charges (￡200 for 50 tons water, additional use will lead to another 50 tons water allocated)
Rent for storage warehouses (each warehouse has capacity of 1,000 products, additional use will lead to another warehouse rented)

Semi-variable cost 
Monthly telephone charges (￡100 for 500 minutes included, any additional time will be charged for ￡0.8 per minute)  

variable cost:
Direct labour
Direct materials


]]> 2023-03-15 12:09:11 UTC https://padlet.com/usictech/8w4eyv2ibg7y5mut/wish/2517646787 group2 Minghan Qu ruiqian Sun yichen tang https://padlet.com/usictech/8w4eyv2ibg7y5mut/wish/2517648366 a) The break-even point in units per month can be calculated as:
Break-even point (units) = Fixed costs ÷ (Selling price per unit - Variable cost per unit)
Break-even point (units) = £8,000 ÷ (£26 - £16)
Break-even point (units) = 800 units
b) The break-even sales revenue per month can be calculated as:
Break-even sales revenue per month = Break-even point (units) x Selling price per unit
Break-even sales revenue per month = 800 units x £26
Break-even sales revenue per month = £20,800
c) The estimated profit per month if Bookmark Limited makes and sells 3,500 units of the product can be calculated as:
total revenue = Selling price per unit x Number of units sold
Total revenue = £26 x 3,500
Total revenue = £91,000
Total variable cost = Variable cost per unit x Number of units sold
Total variable cost = £16 x 3,500
Total variable cost = £56,000
Total contribution margin = Total revenue - Total variable cost
Total contribution margin = £91,000 - £56,000
Total contribution margin = £35,000
Total fixed cost = £8,000
Total profit = Total contribution margin - Total fixed cost
Total profit = £35,000 - £8,000
Total profit = £27,000
Therefore, the estimated profit per month if Bookmark Limited makes and sells 3,500 units of the product is £27,000.
d) If Bookmark Limited increases the selling price by £1, the new selling price per unit will be £27.
the new break-even point (units) can be calculated as:
New break-even point (units) = Fixed costs ÷ (New selling price per unit - Variable cost per unit)
New break-even point (units) = £8,000 ÷ (£27 - £16)
New break-even point (units) = 727.27 units (rounded up to the nearest whole unit)
Therefore, the impact of the £1 increase in selling price would reduce the break-even point by 73 units per month.]]> 2023-03-15 12:10:22 UTC https://padlet.com/usictech/8w4eyv2ibg7y5mut/wish/2517648366