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i need the answer please! Question A3 Miller plc manufactures and sells a single product. The information below relates to the current year's budget. Sales
i need the answer please!
Question A3 Miller plc manufactures and sells a single product. The information below relates to the current year's budget. Sales and production [units] Variable cost per unit Fixed cost per unit Contribution to sales ratio 12,000 85.00 100.00 75% For the following year the selling price is budgeted to rise by 5% above current figures but costs, both fixed and variable, are expected to rise by 10%. Required: (a) Calculate for the current year the budgeted: (1) Contribution per unit (ii) Total profit [E (b) Calculate the production and sales units required for next year to maintain profits at to current year's budgeted figure. [ Step by Step Solution
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