Question 3$45$35Variable Overheads $15David Ltd manufactures and sells a single product. The standard selling price per unit is$120. The variable cost per unit details are as follows:Direct MaterialDirect LabourRequired:The company budgeted fixed overhead cost of $30,000. They budgeted to produce and sell3,000 units.(a) Calculate:ti.(i) The cost and profit per unit.(ii) The Profit in total for the period.(b) Calculate:cast- callpayback: !!Tatal fined(i) Breakeven Point in units and value(sales)Serwis(ii) Margin of Safety in units and value (sales)(iii) Sales required to achieve a profit of $70,000.(c) Outline the 3 assumptions of Cost-Volume-Profit (CV-the investment in twoHows:

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Description: Question 3$45$35Variable Overheads $15David Ltd manufactures and sells a single product. The standard selling price per unit is$120. The variable cost per unit details are as follows:Direct MaterialDirect LabourRequired:The company budgeted fixed ov

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Answered: Question 3 David Ltd manufactures af…

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Question 3 David Ltd manufactures af $120. The variable cost per un Direct Material Direct Labour $35 Variable Overheads $15 nd fixed overhead cost of $30,00

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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