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Calculate the profit for the period under Marginal Costing

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Reference no: EM132608326

Question - The following information related to Casual Garments Ltd:

Data per unit: $

Selling Price 40

Direct Material Cost 12

Direct Labour Cost 6

Variable Production Overhead 2

Monthly Costs:

Fixed Production Overhead $12 000

Fixed Selling and Administration Costs $30 000

Variable selling costs are 10% of sales revenue and normal production capacity is 10000 units per month.

Actual production is 12000 units while sales are 9000 units. There is no opening inventory and closing inventory is 3000 units.

Required - Calculate the profit for the period under Marginal Costing.

Reference no: EM132608326

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