QUESTION 3 A company has the following budgeted data for its first year of operation:
£ Per unit
Direct materials 1.30
Direct labour 1.50
Variable overhead 0.20
Fixed overhead 1.00
(£150,000 / 150,000 units of normal volume)
Total standard factory cost 4.00
Selling price 5.00
Other expenses:
Fixed selling and administration overhead £65,000
Sales commission 5% of sales value
Production and sales in units
Opening stock Nil
Production 170,000
Sales 140,000
REQUIRED
Prepare a budgeted profit statement for the first year of operation using:
i. absorption costing principles (10 marks)
ii. marginal costing principles (10 marks)
(Total 20 marks)​

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes

University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator ÷ choose denominator = return on assets÷ = return on assets÷ = profit margin÷ = profit margin÷ = asset turnover÷ = asset turnover÷ = times

Winners of the georgia lotto drawing are given the choice of receiving the winning amount divided equally over 2121 years or as a lump-sum cash option amount. the cash option amount is determined by discounting the annual winning payment at 88% over 2121 years. this week the lottery is worth $1616 million to a single winner. what would the cash option payout be?