Question
(b) Bee & Lee Limited makes only one product, the cost card of which is as follows: K Direct materials 3 Direct labour 6 Variable
(b) Bee & Lee Limited makes only one product, the cost card of which is as follows: K Direct materials 3 Direct labour 6 Variable production overhead 2 Fixed production overhead 4 Variable selling cost 5 The selling price of one unit is K21. Budgeted fixed overheads are based on budgeted production of 5,000 units. Opening inventory was 1,000 units and closing inventory was 4,000 units. Sales during the period were 3,000 units and actual fixed production overheads incurred were K25,000. Compute the: (i) Total contribution earned during the period (3 marks) (ii) Total profit or loss for the period. (
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started