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ABC limited make and sell a product called The Bot. Annual sales in units for 2020 are expected to be 210,000 and standard cost and

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ABC limited make and sell a product called The Bot. Annual sales in units for 2020 are expected to be 210,000 and standard cost and selling price per unit is: E Selling price 30 Variable cost: Materials B Labour 8 Overheads 2 Annual fixed overheads Manufacturing 528,000 Non manufacturing 336,000 Actual production and sales for the month of January was 16,000 units. The actual revenue and expenditure for the month of January 2020 was as follows: E Sales revenue 502,000 Expenditure Materials 118,500 Labour 125,500 Variable overhead 32,400 Fixed overheads Manufacturing 40,000 Non-manufacturing 35,000 ABC limited divides the annual budget by 12 in order to produce monthly control reports

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