Question: QUESTION 5 (20) ABC Sdn Bhd sells its product for RM 37.50 per unit. In 2021 the company provide you with following data: Sales

QUESTION 5 (20) ABC Sdn Bhd sells its product for RM 37.50

QUESTION 5 (20) ABC Sdn Bhd sells its product for RM 37.50 per unit. In 2021 the company provide you with following data: Sales (20,000 units) Direct materials Direct labor cost Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses Required: $750,000 270,000 90,000 27,000 36,000 45,000 150,000 1. Prepare an income statement for the current year using the contribution margin format. 2. Calculate Total Variable costs? And Calculate Total Fixed costs? 3. Calculate Variable cost per unit? 4. Calculate manufacturing costs? And non-manufacturing costs? 5. Calculate the estimated profit of ABC Sdn Bhd in 2022 if sales were 30,000 units?

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