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Complete the absorption costing report

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Reference no: EM133170133

Question - TLC Manufacturing Ltd is considering whether to use marginal or absorption costing to report its budgeted profit in its management accounts.

The following information is available:

Variable Prod Cost - $36 per unit

Fixed Prod - (OAR) $ 83.75 per unit

Selling price - $170 per unit

Actual fixed production overheads incurred is $200,000 per month.

Sales for the month are expected to be 2,000 units while production units will be 2,500 units.

There is no opening stock.

Fixed selling cost will be $ 10 000 and also there will be variable selling cost of $9 875 in total.

As the cost Accountant you are required to complete the absorption costing report below to advise management on the estimated profit using absorption costing principles.

Reference no: EM133170133

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