Reference no: EM132835891
Questions -
Q1. A company manufactures a single product with a selling price of RM75 per unit. The table shows the costs based on sales and production volume of 8,000 units.
RM
Direct costs 158,000
Variable manufacturing overheads 74,000
Fixed manufacturing overheads 80,000
Variable selling overheads 20,000
Fixed administration overheads 100,000
If absorption costing is applied, calculate the gross profit on each unit sold.
a. RM21.00
b. RM36.00
c. RM43.50
d. RM46.50
Q2. A company makes a single product and sells it for RM12 per unit. The variable cost is RM4 per unit. Fixed costs have been absorbed based on a normal activity level of 1,000 unit at RM3 per unit.
Calculate the profit under marginal costing if the company makes and sells 1,500 units.
a. RM6,000
b. RM7,500
c. RM9,000
d. RM12,000
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