Use the information provided below to prepare the performance report for Lonmin Limited. INFORMATION Lonmin Ltd...

 

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Use the information provided below to prepare the performance report for Lonmin Limited. INFORMATION Lonmin Ltd manufactures a single product. It originally planned to produce and sell 18 000 units during the year but the actual activity level was 22 000 units. The budgeted and actual income and cost for the year are as follows: Volume Sales Cost of sales Direct Materials Direct labour Variable overheads Fixed overheads Gross Profit Original Budget 18 000 units R 2 520 000 (1 670 000) 720 000 450 000 180 000 320 000 850 000 Actual results 22 000 units R 3 300 000 (2 132 000) 924 000 594 000 264.000 350 000 1 168 000 Use the information provided below to prepare the performance report for Lonmin Limited. INFORMATION Lonmin Ltd manufactures a single product. It originally planned to produce and sell 18 000 units during the year but the actual activity level was 22 000 units. The budgeted and actual income and cost for the year are as follows: Volume Sales Cost of sales Direct Materials Direct labour Variable overheads Fixed overheads Gross Profit Original Budget 18 000 units R 2 520 000 (1 670 000) 720 000 450 000 180 000 320 000 850 000 Actual results 22 000 units R 3 300 000 (2 132 000) 924 000 594 000 264.000 350 000 1 168 000

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