Intermediate Z Limited manufactures a single product, the budgeted selling price and variable cost details of which are as follows:

Budgeted fixed overhead costs are £60000 per annum, charged at a constant rate each month. Budgeted production is 30000 units per annum.
In a month when actual production was 2400 units and exceeded sales by 180 units the profit reported under absorption costing was

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() Selling price 15.00 Variable costs per unit: Direct materials 3.50 Direct labour 4.00 Variable overhead 2.00