Study the scenario and complete the questions that follow.

HydroSA $($Pty$)$ Ltd

HydroSA $($Pty$)$ Ltd manufactures water tanks and uses a standard costing system to determine the cost of its products.

The following information is available for the $500$ litre backwash tanks, for the $1$ st quarter ended $31$ March $2023$:

$\backslash$table$[[,$Budgeted,Actual$],[$Sales$,800$ units,$760$ units$],[$Sales price,R$840$ per unit,R$870$ per unitt$],[$Material$,10kg$ per unit,$11400kg($total$)],[$Material price $($per kg$),$R$18\mathrm{.}00,$R$18\mathrm{.}72],[$Labour hours,$45$ minutes per unit,$640$ hours $($total$)],[$Labour rate per hour,R$250,$R$240],[$Fixed overheads,R$90000,$R$84500]]$

Additional information:

Budgeted sales for the second quarter of $2023$ are as follows.

April: $440$ units

May. $520$ units

June: $560$ units

The company holds sufficient finished goods inventories to meet $50\%$ of the forthcoming month's sales.

Raw material inventories amounted to $2400kg$ on $31$ March $2023$ and will be maintained as follows

$30$ April $2023$:$2700kg$

$31$ May $2023$:$2900kg$

$30$ June $2023\mathrm{.}3000kg$

Source: Danies, $1$ C$.2023$

$06$:$53$

mylms$.$vossie.net mod$/$cuiz$/$attempt$.$phpiattempt$=11578492$enid$=5839742\%$age$=1$

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a$.$ Determine the Gross Profit as per the Fixed budget for the first quarter.

Answer

$(5$ Marks$)$

Note: Enter.only the amount $($do not show your calculation, and do not make use of spaces, full$-$stops, commas or R$-$signs$).$ Example: $740000$

D$.$ Determine the Gross Profit as per the Flexed budget for the first quarter based on the actual sales of $760$ units

$(5$ Marks$)$