What would be the amount of total contribution » Full Grade
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Question – A company manufactures a single product which it sells for $35 per unit. The planned output for 20X6 was 6,000 units. The unit product cost comprises:
|
$ |
|
|
Direct Labour |
8.50 |
|
Direct Material |
2.50 |
|
Variable overhead |
|
|
1.5 hours x $2.50/hour |
3.75 |
|
Fixed overhead |
|
|
1.5 hours x $8.00/hour |
12.00 |
|
26.75 |
If the company uses a marginal costing approach to prepare its profit statement, what would be the amount of total contribution shown in the budget statement for 20×6 (assuming no closing and opening inventory will be held)?
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