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3. Exe Limited makes a single product whose total cost per unit is budgeted to be $45. This includes fixed cost of $8 per unit

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3. Exe Limited makes a single product whose total cost per unit is budgeted to be $45. This includes fixed cost of $8 per unit based on a volume of 10,000 units per period. In a period, sales volume was 9,000 units, and production volume was 11,500 units. The actual profit for the same period, calculated using absorption costing, was $42,000. If the profit statement were prepared using marginal costing, identify the profit for the period: (25) $10,000 $22,000 $62,000 $50,000

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