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Leeds Electronics, which has only one product, has provided the following data concerning its most recent month of operations: Selling price R370 Units in
Leeds Electronics, which has only one product, has provided the following data concerning its most recent month of operations: Selling price R370 Units in beginning inventory 0 Units produced 4,500 Units sold 4,200 Units in ending inventory 300 Variable costs per unit: Direct materials R124 Direct labour 134 Variable manufacturing 11 overhead Variable selling and 15 administrative Fixed costs: Fixed manufacturing overhead R217,500 Fixed selling and administrative 115,200 What is the operating profit for the month under absorption costing if fixed selling and administrative expenses were R130,000?
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