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Tabletopz DAC (Tabletopz) manufactures high quality wooden table mats using beech sourced from sustainable forests. The company began trading two years ago having identified

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Tabletopz DAC (Tabletopz) manufactures high quality wooden table mats using beech sourced from sustainable forests. The company began trading two years ago having identified a niche market for the product, both in Ireland and Europe. During the year, Tabletopz was forced to purchase wood from a different company as the usual supplier did not have sufficient stock available. The company operates a standard variable (marginal) costing system and details relating to the most recent financial period are shown below. Actual information: Production in units Direct materials: 10,800 square metres beech wood Direct labour hours: 27,000 hours Variable production overhead Fixed production overhead Budgeted information: 135,000 300,240 486,000 194,400 30,150 Production in units 134,400 Direct materials: 10,080 square metres beech wood Direct labour: 33,600 hours Variable production overhead (based on direct labour hours) Fixed production overhead 282,240 483,840 225,792 29,200

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