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QUESTION 12 5 The following information for the month of July is available from Mars Manufacturing company Direct labour (Variable costs per unit) AED 27.50

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QUESTION 12 5 The following information for the month of July is available from Mars Manufacturing company Direct labour (Variable costs per unit) AED 27.50 Direct materials (variable cost per unit) 84.75 Manufacturing overhead (variable cost per unit) 14.25 Manufacturing overhead (fixed cost in total) 120,000 Marketing & Administrative costs (variable cost per unit) 8.20 Marketing & Administrative costs (fixed cost in total) 130,000 Selling price (per unit) 210.00 Required: Assuming the company produced and sold 10,000 units, and there were no units in inventory on July 1, prepare the Contribution margin income statement for July 2019

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