Question 1 Aren plc has prepared the following budget for one of its products, the Gooner, for the forthcoming year: Selling price per unit Variable materials and labour costs per unit Selling and distribution costs per unit Production overheads (75% of which are fixed) Fixed selling and distribution costs £20.50 £7.50 £1.30 £1,600,000 £190,000 160,000 units Production and sales Required: a) Calculate the total budgeted variable costs per unit. b) Calculate the budgeted contribution per unit. c) Calculate the break-even sales volume (in whole units) and break-even sales revenue.

Question 1 Aren plc has prepared the following budget for one of its products, the Gooner, for the forthcoming year: Selling price per unit Variable materials and labour costs per unit Selling and distribution costs per unit Production overheads (75% of which are fixed) Fixed selling and distribution costs £20.50 £7.50 £1.30 £1,600,000 £190,000 160,000 units Production and sales Required: a) Calculate the total budgeted variable costs per unit. b) Calculate the budgeted contribution per unit. c) Calculate the break-even sales volume (in whole units) and break-even sales revenue.

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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