lexible budget for a product as prepare by Anchor Ltd, is given below:

Sales unit 10,000 15,000 20,000

Rs. Rs. Rs.

Sales 800,000 1,200,000 1,600,000

Manufacturing cost:

Variable 300,000 450,000 600,000

Fixed 200,000 200,000 200,000

Total manufacturing cost 500,000 650,000 800,000

Marketing and other expenses:

Variable 200,000 300,000 400,000

Fixed 160,000 160,000 160,000

Total Marketing and other expense 360,000 460,000 560,000

Operating income / (loss) (60,000) 90,000 240,000

Additional information:

• The budget of 20,000 units will be used for allocating the fixed manufacturing cost to units of product.
• At the end of first six months, 12,000 units have been completed and 6,000 units have been sold @ Rs.80 per unit.
• All fixed costs are budgeted and incurred uniformly throughout the year and all costs incurred, coincide with budget.
• The over or under applied fixed manufacturing cost is deferred unit the end of the year

REQUIRED:

Calculate the units produced? Calculate the Contribution Margin in Marginal Costing? Calculate the Unadjusted Cost of Goods Sold in Absorption Costing? Calculate the Over Applied Fixed Factory Overhead? Calculate the Adjusted Cost of Goods Sold in Marginal Costing? Calculate the units in Finished Goods closing? Calculate the Net Profit in Absorption Costing? Calculate the units Sold? Calculate the Gross Profit in Absorption Costing?