Manuel Ltd produces and sells only one product. The company's normal production capacity per month is...
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Manuel Ltd produces and sells only one product. The company's normal production capacity per month is 12 700 units and the budgeted fixed manufacturing overheads for June amounted to N$50 800. The selling price of the product is N$70 per unit. The cost clerk has supplied the following details for June: Actual product costs for June Direct materials Direct labour Variable manufacturing overheads N$ Production ? Sales 11 700 units Closing inventory 4 300 units Opening inventory 3 000 units Required: 351 000 104 000 78 000 Other actual fixed costs for June Fixed manufacturing overheads Fixed selling and administrative expenses Variable selling expenses (vary with sales) 5% The units of inventories, sales and production N$ 50 000 48 350 Calculate the total contribution that would be generated by Manuel Ltd using the direct costing method. NB Round up your answer to the whole number, no decimals, (select unit method on the drop-down menu) Manuel Ltd produces and sells only one product. The company's normal production capacity per month is 12 700 units and the budgeted fixed manufacturing overheads for June amounted to N$50 800. The selling price of the product is N$70 per unit. The cost clerk has supplied the following details for June: Actual product costs for June Direct materials Direct labour Variable manufacturing overheads N$ Production ? Sales 11 700 units Closing inventory 4 300 units Opening inventory 3 000 units Required: 351 000 104 000 78 000 Other actual fixed costs for June Fixed manufacturing overheads Fixed selling and administrative expenses Variable selling expenses (vary with sales) 5% The units of inventories, sales and production N$ 50 000 48 350 Calculate the total contribution that would be generated by Manuel Ltd using the direct costing method. NB Round up your answer to the whole number, no decimals, (select unit method on the drop-down menu)
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Introduction to Finance Markets Investments and Financial Management
ISBN: 978-1118492673
15th edition
Authors: Melicher Ronald, Norton Edgar
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