On December 1, 2010 General Producers Ltd had 250 units of stock item A150. The budgeted capacity of the company is 10,000 units per month. The following information was extracted from the books of General Ltd for the month of December 2010.

Details $

Direct material cost per unit 200

Direct labour cost per unit 150

Variable overhead cost per unit 50

Total variable cost per unit 400

Fixed overhead cost per unit 100

Total cost per unit 500

During December 2010 the company produced 12000 units and 11750 units were sold at a price of 1250 each.

(a) Calculate the closing stock

(b) Profit statement using Marginal Costing techniques

(c) Profit statement using Absorption Costing techniques

(d) Show a reconciliation of the profit figures obtained above

(e) Calculate Total Fixed Cost for the period