Question
Bharat Bicycle, located in India, produces an inexpensive yet rugged bicycle for use on crowded city streets. The company sells the bicycle for 528
Bharat Bicycle, located in India, produces an inexpensive yet rugged bicycle for use on crowded city streets. The company sells the bicycle for 528 rupees. (Indian currency is denominated in rupees, denoted by R.) Selected data for the company's operations last year follow: Units in beginning inventory Units produced 0 13,400 Units sold 10,600 Units in ending inventory 2,800 Variable costs per unit: Direct materials R 121 Direct labour R 157 Variable manufacturing R 48 overhead Variable selling and R 22 administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative R924,600 R 616,400
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