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The following information has been taken from the accounting records of Fortune Company for last year: Name of Items TK. Raw Materials Used 520,000 Direct
The following information has been taken from the accounting records of Fortune Company for last year: Name of Items TK. Raw Materials Used 520,000 Direct Labor 280,000 Factory Depreciation (Building & Machine) 100,000 Indirect Labor (Fixed) 180,000 Variable Factory Overhead 60,000 Fixed Administrative Expense 225,000 Sales Commission (variable i.e. 10% on sales) 140,000 Fixed Selling Expense 120,000 Sales Revenue (10,000 units @ Taka 140 per unit) 14,00.000 During first year of their operation, the company produced 12,000 units and sold 10,000 units of goods. There was no ending work in process. Requirement: Calculate (brief calculations must be shown) the following cost information for the first year: (Marks:4*4=16) i) Per Unit Manufacturing Cost ii) Per Unit Variable Cost (on units sold) iii) Total Period (Non-Manufacturing) Cost iv) Total Contribution Margin
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