A business has prepared the following standard cost card based on producing and selling 15,000 units per month: $ Selling price 10 Variable production cost 3 Fixed production cost 1 Profit per unit 6 Actual production and sales for month 1 were 12,000 units and this resulted in the following: $000 Selling price 124 Variable production cost 40 Fixed production cost 9 Profit per unit 75 Question: 1. What is the actual selling price per unit? (2 decimal places, no dollar sign) 2. What is the total fixed production cost under flexed budget? (no dollar sign and comma) 3. What is the total variable production cost under fixed budget? (no dollar sign and comma) 4. What is the gross profit under flexed budget? (no dollar sign and comma)
A business has prepared the following standard cost card based on producing and selling 15,000 units per month:
$
Selling price 10
Variable production cost 3
Fixed production cost 1
Profit per unit 6
Actual production and sales for month 1 were 12,000 units and this resulted in the following:
$000
Selling price 124
Variable production cost 40
Fixed production cost 9
Profit per unit 75
Question:
1. What is the actual selling price per unit? (2 decimal places, no dollar sign)
2. What is the total fixed production cost under flexed budget? (no dollar sign and comma)
3. What is the total variable production cost under fixed budget? (no dollar sign and comma)
4. What is the gross profit under flexed budget? (no dollar sign and comma)
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