Overtoom International Nederland BV manufactures and sells metal shelving. It began operations on 1 January 2015. Costs

Question:

Overtoom International Nederland BV manufactures and sells metal shelving. It began operations on 1 January 2015. Costs incurred for 2015 (V stands for variable; F stands for fixed) are as follows:
Direct materials used costs....................................€280 000 V
Direct manufacturing labour costs...............................60 000 V
Plant energy costs..................................................10 000 V
Indirect manufacturing labour costs.............................20 000 V
Indirect manufacturing labour costs.............................32 000 F
Other indirect manufacturing costs.............................16 000 V
Other indirect manufacturing costs.............................48 000 F
Marketing, and customer-service costs.........245 700 V
Marketing, and customer-service costs............80 000 F
Administrative costs..............................................100 000 F
Variable manufacturing costs are variable with respect to units produced. Variable marketing, and customer-service costs are variable with respect to units sold. Stock data are as follows:
Opening Closing
1 January 2015 31 December 2015
Direct materials.........................0 kg..............................2000 kg
Work in progress.....................0 units................................0 units
Finished goods.......................0 units................................? units
Production in 2015 was 100 000 units. Two kilograms of direct materials are used to make one unit of finished product.
Revenues in 2015 were €873 600. The selling price per unit and the purchase price per kilogram of direct materials were stable throughout the year. The company's ending stock of finished goods is carried at the average unit manufacturing costs for 2015. Finished goods stock, at 31 December 2015, was €41 940.
Required
1. Direct materials stock, total cost, 31 December 2015.
2. Finished goods stock, total units, 31 December 2015.
3. Selling price per unit 2015.
4. Operating profit 2015. Show your computations.
Distribution
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