Reference no: EM132580463
Vitamin-Sea is a company that specializes in making tents for beach tourism. Vitamin-Sea wants all of its customers to feel comfortable when traveling to the beach. The company aims to sell 3,000 units of tents at a selling price of $ 50 in July. They certainly have employees and also direct labor who help the production, with the formula for calculating salaries and wages is $ 2,000 for fixed costs and $ 20 for variable costs. For tent-making materials, parachutes are used for $ 3 and maintenance equipment is $ 5 per unit. In addition to Utilities for $ 1,500 for July, Factory and Office Rent for $ 10,000, Equipment Depreciation for $ 20,000 and insurance for $ 1,500.
All variable cost are counted based on unit produce and sold. At the end of July, here are the actual results obtained by Vitamin-Sea:
Actual Result
Quantity produced and sold 3,500
Revenue $ 200,000
Expenses Wages and Salaries $ 73,000
Direct Material $ 10,000
Equipment maintenance $ 17,000
Utilities $ 3,000
Factory and Office Rent $ 12,000
Equipment Depreciation $ 20,000
Insurance $ 1,500
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