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Fantasia's rst month's operational details for March 2023 are as follows: Number of units produced 600 Number of units sold 450 Sales price per unit
Fantasia's rst month's operational details for March 2023 are as follows: Number of units produced 600 Number of units sold 450 Sales price per unit $320 Direct Materials per unit $80 Direct Labour per unit 5513 Packing Cost per unit $7 Sales Commission (510 per unit sold) $4,500 Depreciation on delivery van $1,000 Rental of Factory $3,000 Depreciation on production equipment $5,000 Utilities $2,000 Additional Information: - Fantasia adopts the Absorption Costing Method. - 70% Of all shared overheads are allocated to non-manufacturing while the rest are allocated to manufacturing Q5: Fantasia sold off all units of ceiling fan produced in March 2023. Fill In the blanks (a) and (b) In the extract of Statement of Comprehensive Income and Statement of Financial Position using the Information provided below for Fantasia's operation in April 2023. Total Inventory as at 31 March Total Production cost incurred in April $24,000 Number of units produced in April Number of units sold in April 500 Fantasia Limited Statement of Comprehensive Income (extract) for the month ended 30 April 2023 Sales Cost of Goods Sold Gross Profit Fantasla Limited Statement of Financial Position (extract) As at 30 April 2023 Current Asset Inventory bj 600
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