Question
Despard Ltd manufactures and sells a single product. The following data have been extracted from the current year's budget: Sales and production (units) : 5000u
Despard Ltd manufactures and sells a single product. The following data have been extracted from the current year's budget:
Sales and production (units) : 5000u
Variable cost per unit : $50
Fixed cost per unit : $70
Contribution to sales ratio : 75%
(a) Calculate for the CURRENT YEAR the budgeted :
i. Contribution per unit
ii. Total profit.
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Corporate Financial Accounting
Authors: Carl S Warren, James M Reeve, Jonathan Duchac
11th Edition
0538480920, 9780538480925
