Ayesha Akram Baig makes and sells a single product and has the total production capacity of 540,00 units per month. The company budgeted the following information for the month of January 2009:

Normal capacity (units) 27,000

Variable costs per unit:

Production (Rs.) 110

Selling and administration (Rs.) 25

Fixed Production overheads (Rs.) 756,000

Fixed Selling and administration overheads (Rs.) 504,000

During the month of January 2009, the variable factory overheads exceeded the budget by R.s.120,000.

The actual operating data for January 2009 is as follows: 24 000 units 22,000 units 2,000 units

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Required:

Calculate the following information.

1) Sales Rs.

2) Variable Manufacturing Cost Rs.

3) Fixed Manufacturing Cost according to absorption costing Rs.

4) Fixed Manufacturing Cost according to marginal costing Rs.

5) Total Manufacting Cost according to marginal costing Rs.

6) Total Manufacting Cost according to absorption costing Rs.

7) Opening Finished goods according to absorption costing Rs.

8) Opening Finished goods according to marignal costing Rs.

9) Closing Finished goods according to absorption costing Rs.

10) Closing Finished goods according to marginal costing Rs.

11) Gross Profit Rs.

12) Contribution Margin Rs.

13) Net Profit according to absorption costing Rs.

14) Net Profit according to marginal costing Rs.