Câu 8. Brite Ltd makes lamps with a selling price of £70 per lamp. Budgeted production and sales volume is 800 lamps per month. During July 800 lamps were made and 700 lamps were sold. There was no opening inventory. The variable cost per lamp is £30. Fixed costs in July were, as budgeted, £4,000. Using absorption costing, what is the profit for July? A. £49,000 B. £24,000 C. £21,000 D. £24,500

Câu 8. Brite Ltd makes lamps with a selling price of £70 per lamp. Budgeted production and sales volume is 800 lamps per month. During July 800 lamps were made and 700 lamps were sold. There was no opening inventory. The variable cost per lamp is £30. Fixed costs in July were, as budgeted, £4,000. Using absorption costing, what is the profit for July? A. £49,000 B. £24,000 C. £21,000 D. £24,500

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 1PB: A company sells mulch by the cubic yard. Grade A much sells for $150 per cubic yard and has variable...

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