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BBAC501 Management Accounting, CIC Higher Education, Australia

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Question 1: Determine the budgeted net profit for the year 2020.

Answer: The following table shows the necessary calculations:

Units sold

3,000.00

2,400.00

3,600.00

3,000.00

 

Particulars

BK

SK

KL

HPKL

 

 

 

 

 

 

 

Sales revenue

 3,60,000.00

 3,24,000.00

 5,40,000.00

 5,40,000.00

 

 

 

 

 

 

 

Less: variable costs:

 

 

 

 

 

Variable manufacturing costs

 1,80,000.00

 1,80,000.00

 2,88,000.00

 3,30,000.00

 

Variable selling and admin costs

    90,000.00

    60,000.00

 1,44,000.00

 1,20,000.00

 

 

 

 

 

 

 

Contribution

    90,000.00

    84,000.00

 1,08,000.00

    90,000.00

 

 

 

 

 

 

 

Question 2: Assuming the sales mix remains constant throughout 2020, determine how many packs of each product must be sold in order to breakeven.

Answer: The following table shows the necessary calculations:

Units sold

        3,000.00

        2,400.00

       3,600.00

          3,000.00

 

Particulars

BK

SK

KL

HPKL

 

 

 

 

 

 

 

Sales revenue

   3,60,000.00

   3,24,000.00

  5,40,000.00

     5,40,000.00

 

 

 

 

 

 

 

Less: variable costs:

 

 

 

 

 

Variable manufacturing costs

   1,80,000.00

   1,80,000.00

  2,88,000.00

     3,30,000.00

 

Variable selling and admin costs

      90,000.00

      60,000.00

  1,44,000.00

     1,20,000.00

 

 

 

 

 

 

 

Contribution

      90,000.00

      84,000.00

  1,08,000.00

        90,000.00

 

 

 

 

 

 

 

Annual fixed costs

 

 

 

 

 3,10,000.00

Divided by contribution per unit

             30.00

             35.00

            30.00

               30.00

         125.00

 

 

 

 

 

 

Break even units

 

 

 

 

      2,480.00

 

 

 

 

 

 

Break even units/total amount of contribution*contribution per unit

           595.20

           694.40

          595.20

             595.20

 

 

 

 

 

 

 

Break even units

           595.00

           694.00

          595.00

             596.00

      2,480.00

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Question 3: Answer the following items for Australian Paper and interpret the results:

a. Calculate the projected safety margin in units for the year 2020 and explain the importance of this information for Australian Paper.

b. Compute the projected safety margin in sales dollars for the year 2020 and interpret the meaning of your answer.

Answer: The following table shows the necessary calculations:

Units sold

        3,000.00

        2,400.00

      3,600.00

        3,000.00

      12,000.00

Particulars

BK

SK

KL

HPKL

 

 

 

 

 

 

 

Sales revenue

   3,60,000.00

   3,24,000.00

 5,40,000.00

   5,40,000.00

 

 

 

 

 

 

 

Less: variable costs:

 

 

 

 

 

Variable manufacturing costs

   1,80,000.00

   1,80,000.00

 2,88,000.00

   3,30,000.00

 

Variable selling and admin costs

      90,000.00

      60,000.00

 1,44,000.00

   1,20,000.00

 

 

 

 

 

 

 

Contribution

      90,000.00

      84,000.00

 1,08,000.00

      90,000.00

 

 

 

 

 

 

 

Break even units

           595.00

           694.00

         595.00

           596.00

        2,480.00

 

 

 

 

 

 

Projected safety margin in units

        2,405.00

        1,706.00

      3,005.00

        2,404.00

        9,520.00

 

 

 

 

 

 

Projected safety margin in dollars

   2,88,600.00

   2,30,310.00

 4,50,750.00

   4,32,720.00

 14,02,380.00

The main purpose of calculation of safety margin is the fact that the company would know the number of units that it is selling over and above the break-even units. These are the units that the company is selling for the purposes of earning profits since the level of the break-even units is a no loss no profit situation (Study, 2019).

Question 4: a. Taking into accounting the above change of circumstances, determine how many packs of each product should Australian Paper produce and sell in order to breakeven in the year 2020.

Answer: The following table shows the necessary calculations:

Units sold

              3,000.00

         2,400.00

       3,600.00

               3,000.00

       12,000.00

Particulars

BK

SK

KL

HPKL

 

 

 

 

 

 

 

Sales revenue

         3,60,000.00

    3,24,000.00

  5,40,000.00

          5,40,000.00

 

 

 

 

 

 

 

Less: variable costs:

 

 

 

 

 

Variable manufacturing costs

         1,80,000.00

    2,39,400.00

  2,88,000.00

          3,30,000.00

 

Variable selling and admin costs

            90,000.00

       60,000.00

  1,44,000.00

          1,20,000.00

 

 

 

 

 

 

 

Contribution

            90,000.00

       24,600.00

  1,08,000.00

             90,000.00

    3,12,600.00

 

 

 

 

 

 

Fixed costs

 

 

 

 

    3,18,600.00

 

 

 

 

 

 

Contribution per unit

                   30.00

              10.25

            30.00

                    30.00

            100.25

 

 

 

 

 

 

Break even units

 

 

 

 

         3,178.05

 

 

 

 

 

 

Break even in units

                 951.04

            324.94

          951.04

                  951.04

         3,178.05

 

 

 

 

 

 

Old break even units

                 595.00

            694.00

          595.00

                  596.00

 

 

 

 

 

 

 

Sensitivity

59.84%

-53.18%

59.84%

59.57%

 

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b. Assume the maximum demand for each type of product could reach 4,000 packs for 2020. However, the realistic estimate of maximum total number of packs that Australian Paper can produce is 13,000 due to limited financial resources. Australian Paper is targeting to maximise its profitability for 2020 by manipulating its sales mix. For this reason, the senior accountant has asked your team to come up with a proposed sales mix (or new proportion) for each of the four products. Provide explanation for your proposed sales mix.

Answer: The following table shows the necessary calculations:

Units sold

              4,000.00

              4,000.00

       4,000.00

           4,000.00

       16,000.00

Particulars

BK

SK

KL

HPKL

 

 

 

 

 

 

 

Sales revenue

         4,80,000.00

         5,40,000.00

  6,00,000.00

      7,20,000.00

 

 

 

 

 

 

 

Less: variable costs:

 

 

 

 

 

Variable manufacturing costs

         2,40,000.00

         3,99,000.00

  3,20,000.00

      4,40,000.00

 

Variable selling and admin costs

         1,20,000.00

         1,00,000.00

  1,60,000.00

      1,60,000.00

 

 

 

 

 

 

 

Contribution

         1,20,000.00

            41,000.00

  1,20,000.00

      1,20,000.00

    4,01,000.00

 

 

 

 

 

 

Contribution per unit

                   30.00

                   10.25

            30.00

                30.00

 

 

 

 

 

 

 

 

1

4

2

3

 

 

 

 

 

 

 

Product

Number of units

Contribution per unit

Total contribution

 

 

 

 

 

 

 

 

BK

              4,000.00

                   30.00

  1,20,000.00

 

 

SK

              1,000.00

                   10.25

     10,250.00

 

 

KL

              4,000.00

                   30.00

  1,20,000.00

 

 

HPKL

              4,000.00

                   30.00

  1,20,000.00

 

 

 

 

 

 

 

 

Total

            13,000.00

 

  3,70,250.00

 

 

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