Question: Leeds Electronics, which has only one product, has provided the following data concerning its most recent month of operations: Selling price R370 Units in beginning
Leeds Electronics, which has only one product, has provided the following data concerning its most recent month of operations: Selling price R370 Units in beginning inventory 0 Units produced 4,500 Units sold 4,200 Units in ending inventory 300 Variable costs per unit: Direct materials R124 Direct labour 134 Variable manufacturing overhead 11 Variable selling and administrative 15 Fixed costs: Fixed manufacturing overhead R217,500 Fixed selling and administrative 115,200 The management accountant has discovered an error in last month's accounts. The fixed manufacturing overhead should have been stated at R230,000. What is the operating profit for the month under variable costing if the fixed manufacturing overhead is R230,000? Question 13Answer a. (R5,700) b. (R18,700) c. (R9,000) d. R16,000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
