Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The standard cost card for a company's only product is given below: $ per unit Selling Price 118 Direct labour 4 hours at $20 per
The standard cost card for a company's only product is given below:
$ per unit | |
Selling Price | 118 |
Direct labour 4 hours at $20 per hour | 80 |
Direct material 3 kg at $7 per hour | 21 |
Fixed production overhead | 5 |
Profit | 12 |
For a period, budgeted production and sales were 8000 units, whilst actual production and sales were 6000 units. What is the flexed budget profit?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started