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LMN Automobile Ltd. manufactures two types of vehicles: Cars and Bikes. Below is the cost and output data: Particulars Cars Bikes Direct Material 10,00,000 7,00,000

LMN Automobile Ltd. manufactures two types of vehicles: Cars and Bikes. Below is the cost and output data:

Particulars

Cars

Bikes

Direct Material

₹10,00,000

₹7,00,000

Direct Labour

₹5,00,000

₹3,00,000

Factory Overheads

₹8,00,000

₹4,00,000

Units Produced

500

200

You are required to calculate:

  1. The cost per unit for each type of vehicle.
  2. The selling price per unit if a profit of 30% on cost is desired.
  3. The total revenue generated from the sale of both types of vehicles.
  4. The percentage contribution of each type of vehicle to the total revenue.

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