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    Phelps Industries

    Uploaded by

    Dilip Reddy
    The document contains financial information for multiple periods, including net income, variable costs, selling prices, quantities, machine hours, fixed costs, gross profit, and operating expenses. Variable costs include materials, labor, power and oil. Fixed costs include depreciation, salaries, maintenance, taxes and utilities. Gross profit is calculated by subtracting total variable and fixed costs from sales. Net income is calculated by subtracting total operating expenses from gross profit.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Phelps Industries

    Uploaded by

    Dilip Reddy
    71 views3 pages
    The document contains financial information for multiple periods, including net income, variable costs, selling prices, quantities, machine hours, fixed costs, gross profit, and operating expenses. Variable costs include materials, labor, power and oil. Fixed costs include depreciation, salaries, maintenance, taxes and utilities. Gross profit is calculated by subtracting total variable and fixed costs from sales. Net income is calculated by subtracting total operating expenses from gross profit.

    Original Description:

    Managerial Accounting and Decision Making

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    © © All Rights Reserved

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    XLSX, PDF, TXT or read online from Scribd

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    The document contains financial information for multiple periods, including net income, variable costs, selling prices, quantities, machine hours, fixed costs, gross profit, and operating expenses. Variable costs include materials, labor, power and oil. Fixed costs include depreciation, salaries, maintenance, taxes and utilities. Gross profit is calculated by subtracting total variable and fixed costs from sales. Net income is calculated by subtracting total operating expenses from gross profit.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    71 views3 pages

    Phelps Industries

    Uploaded by

    Dilip Reddy
    The document contains financial information for multiple periods, including net income, variable costs, selling prices, quantities, machine hours, fixed costs, gross profit, and operating expenses. Variable costs include materials, labor, power and oil. Fixed costs include depreciation, salaries, maintenance, taxes and utilities. Gross profit is calculated by subtracting total variable and fixed costs from sales. Net income is calculated by subtracting total operating expenses from gross profit.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 3

    NI 330,250.0 644,500.

    0
    Variable costs
    Material 20.0 20.0
    Labour cost 25.0 25.0
    Power to operate 3.8 3.8
    Oil and lubricant 4.0 4.0

    Total VC 52.8 52.8

    Selling Price 120.0 120.0

    Margin 67.3 67.3

    Qty 15,000.0 20,000.0


    Per unit machine houur 2.0 2.0
    Total machine hours 30,000.0 40,000.0

    Machine depreciation 115,000.0 115,000.0


    Supervisor salary 80,000.0 80,000.0
    Factory salaries 60,000.0 60,000.0
    Factory maintenance 62,500.0 62,500.0
    Property taxes and utilities1 15,000.0 15,000.0
    Total FC 332,500.0 332,500.0

    Gross Profit 676,250.0 1,012,500.0

    Sales staff salaries 80,000.0 80,000.0


    Distribution cost 30,000.0 40,000.0
    Sales commision 36,000.0 48,000.0
    GA 200,000.0 200,000.0
    Total 346,000.0 368,000.0

    Net Income 330,250.0 644,500.0


    958,750.0 NI (263,020.0)
    Variable costs
    20.0 Material 25.0
    25.0 Labour cost 30.0
    3.8 Power to operate 4.5
    4.0 Oil and lubricant 3.0

    52.8 Total VC 62.5


    57.15
    120.0 62.85 Selling Price 73.0

    67.3 Margin 10.5

    25,000.0 Qty 12,000.0


    2.0 Per unit machine houur 1.5
    50,000.0 Total machine hours 18,000.0

    115,000.0 Machine depreciation


    80,000.0 Supervisor salary 40,000.0
    60,000.0 Jigs and fixtures 22,500.0
    62,500.0 Utilties 5,000.0
    15,000.0
    332,500.0 Total FC 67,500.0

    1,348,750.0 Gross Profit 58,500.0

    80,000.0 Sales staff salaries 80,000.0


    50,000.0 Distribution cost 24,000.0
    60,000.0 Sales commision 17,520.0
    200,000.0 GA 200,000.0
    390,000.0 Total 321,520.0

    958,750.0 Net Income (263,020.0)


    NI 376,250.0 (29,020.0) 347,230.0
    Variable costs 16,980.0
    Material 20.0 25.0
    Labour cost 25.0 30.0
    Power to operate 3.8 4.5
    Oil and lubricant 4.0 3.0

    Total VC 52.8 62.5

    Selling Price 120.0 73.0

    Margin 67.3 10.5

    Qty 15,000.0 12,000.0


    Per unit machine houur 2.0 1.5
    Total machine hours 30,000.0 18,000.0

    Machine depreciation 69,000.0 46,000.0


    Supervisor salary 80,000.0 40,000.0
    Factory salaries 60,000.0 22,500.0
    Factory maintenance 62,500.0 5,000.0
    Property taxes and utilities1 15,000.0
    Total FC 286,500.0 113,500.0 19.1 9.458333
    26.85 16.96
    Gross Profit 722,250.0 12,500.0 1.041666667
    18.00

    Sales staff salaries 80,000.0 22.45 9.98


    Distribution cost 30,000.0
    Sales commision 36,000.0
    GA 200,000.0
    Total 346,000.0 41,520.0

    Net Income 376,250.0 (29,020.0) 347,230.0

    734700
    347,180.0

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