Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. blenkinsop manufacturing produces chopnslice, a mu

Blenkinsop Manufacturing produces ChopNSlice, a multifunctional slicing and chopping kitchen tool. The following shows a...

60.1K

Verified Solution

Question

Accounting

Blenkinsop Manufacturing produces ChopNSlice, a multifunctional slicing and chopping kitchen tool. The following shows a summary of the manufacturing data for ChopNSlice for 2020. Selling price per unit $ 64 Variable manufacturing costs 38 Annual fixed manufacturing costs 201 060 Variable selling, distribution and administration costs 10 Annual fixed non-manufacturing costs 102 940 Annual volume 28 000 units.

a.Calculate the profit earned in 2020. (1 mark)

b. Blenkinsop Manufacturing has decided to introduce robots in part of the manufacturing production process with the changes taking place in 2021. The new production methods would bring about a decrease in variable costs per unit of $18 but would increase the fixed manufacturing costs by $150 000. How many units would need to be sold to earn the same profit as in 2020? Would you recommend the changes? (4 marks)

c. Prepare the Statement of Profit or Loss for (a) and (b).

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

The protolith of marble is fine-grained sandstone.TrueFalse

Finance
1.2K views

The following economic transactions are drawn from a country's balance of payments for the 2016 in...

Chemistry
1.2K views

1.The reaction of aluminum metal (Al) with oxygen (O2) forms Al2O3. Write a balanced equation for...

Basic Math
1.2K views

Consider an automated plagiarism detection software that is used to evaluate essay submissions. Four sections of...

Physics
1.2K views

gestion No 8 stone weighs 50 N at an altitude equal to radius of earth...

Geometry
1.2K views

If A JHI AJLK then what does JH OZK OLK KJ

Statistics
1.2K views

Next question You can retry this question below 6 18 Is college worth it Part...

Calculus
1.2K views

If limx 3 f x 7 which of the following must be true I f...

Algebra
1.2K views

For the matrix A below find a nonzero vector in Nul A and a nonzero...

Algebra
1.2K views

10 points Solve the following system of equations 2y 6x 20 x 4y 40 0

Finance
1.2K views

Answer 2 Questions Below How long will it take sales...

Accounting
1.2K views

eck my w0rk Bringham Company issues bonds with a par value of $660,000. The bonds...