Please do not give solution in image format thanku Deluxe Homes is a residential Home Builder. Based on their current production of 300 homes per year,they currently make a profit of $20 per unit, based on the following costs per unit are:Direct labourDirect materialsVariable overheadFixed overhead(in $'000)$202003040Variable selling costsFixed selling costsTotal cost per unitRequiredEach of these are separate situations:A. Prepare an income statement based on the information provided.B. What is the profit and cost per unit if production is increased to 400 homes per year, andthere is an increase of $1.50 million in total fixed overhead costs?1010$310.

Lets understand the basics.Income Statement: It is a part of the financial statement of a company in…

Deluxe Homes is a residential Home Builder. Based on their current production of 300 homes per year, they currently make a profit of $20 per unit, based on the following costs per unit are: Direct labour Direct materials Variable overhead Fixed overhead Variable selling costs Fixed selling costs Total cost per unit (in $'000) $20 200 30 40 10 $310 10

Deluxe Homes is a residential Home Builder. Based on their current production of 300 homes per year, they currently make a profit of $20 per unit, based on the following costs per unit are: Direct labour Direct materials Variable overhead Fixed overhead Variable selling costs Fixed selling costs Total cost per unit (in $'000) $20 200 30 40 10 $310 10

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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