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Question - The following data have been extracted from the accounts of REF plc.
Production volume (units) 1,000 £/unit 2,000 £/unit
Variable materials 4.00 4.00
Variable labour 3.50 3.50
Production overhead - department 1 6.00 4.20
Production overhead - department 2 4.00 2.00
Required - Find the total fixed cost (FC) and variable cost per unit (VC)?
Improve performance so how can they get staff involved and what would be a way for them to communicate the information to their department staff?
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