Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Task 5. The company produces one type of product. Production is 25,000 units per period. Production costs: material costs 20,000; direct labour costs 10,000; manufacturing

Task 5.
The company produces one type of product. Production is 25,000 units per period.
Production costs:
material costs 20,000;
direct labour costs 10,000;
manufacturing costs (overheads) 8,000 . administration costs 1000 .
During the period, 19,000 units were sold and the net turnover (revenue) was 35,000.
1) Calculate the production cost of the one unit of product; 2) Calculate operating profit
3) Calculate the value of inventories of finished goods and

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Standards And Audits For Ethics Management Systems The European Perspective

Authors: Josef Wieland

1st Edition

3642072925, 978-3642072925

More Books

Students also viewed these Accounting questions

Question

Identify how culture affects appropriate leadership behavior

Answered: 1 week ago