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Monty Ltd has the following standard cost card for producing 1 unit of its only product Direct materials 6kg at 14/kg 84 Direct labour 7hrs
Monty Ltd has the following standard cost card for producing 1 unit of its only product Direct materials 6kg at 14/kg 84 Direct labour 7hrs at 18/hr 126 Fixed overheads 60 === Total standard cost 270 The standard selling price is 310 per unit. The actual results recorded for June were as follows: Actual Units produced and sold 1,100 Sales 357,500 Direct materials 6,820kg 81,840 Direct labour 8,250hrs 140,250 Fixed overheads 81,500 ====== Profit 53,910 The budgeted sales volume for June was 1,200 units Required (a) Prepare the original
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