Question: Hope Plc produces and sells a single product whose variable cost is $ 15 per unit. Fixed costs have been absorbed over the normal level

Hope Plc produces and sells a single product whose variable cost

Hope Plc produces and sells a single product whose variable cost is $ 15 per unit. Fixed costs have been absorbed over the normal level of activity of 500,000 units and have been calculated as $ 5 per unit. The current selling price is $25 per unit. How much profit is made under marginal costing if the company sells 625,000 units? (2 marks)

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