Question
please solve me this question proper in word not hand written please Question 1. The ARIH Bike Company makes 100 bikes each week and its
please solve me this question proper in word not hand written please
Question 1. The ARIH Bike Company makes 100 bikes each week and its costs are as follows: Direct materials 4,000 Direct labour 5,000 Production overheads 5,000 Investigations into the behaviour of costs has revealed the following information: direct materials are variable costs direct labour is a variable cost of the production overheads, 2,000 is a fixed cost, and the remainder is a variable cost The selling price of each bike is 200.As an accounts assistant at the Wyvern Bike Company, you are asked to: calculate the marginal cost of producing each bike show the expected contribution per bike *
Question 2. Taking data from Question 1 and prepare a marginal costing statement to show clearly the total contribution and the total profit each week. *
Question 3. The ARIH Bike Company makes 100 bikes each week and its costs are as follows: Direct materials 4,000 Direct labor 5,000 Production overheads 5,000 The selling price of each bike is 200. As an accounts assistant at the Wyvern Bike Company, you are asked to calculate the absorption cost of producing each bike. *
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