Apple Ltd makes and sells a single product, for which variable costs are follows: Direct materials £20 Direct labour £16 Variable production overhead £12 £48 The sales price is £60 per unit, and fixed costs per annum are £136,000. The company wishes to make a profit of £32,000 per annum. Required: Determine the sales required to achieve this profit

Apple Ltd makes and sells a single product, for which variable costs are follows: Direct materials £20 Direct labour £16 Variable production overhead £12 £48 The sales price is £60 per unit, and fixed costs per annum are £136,000. The company wishes to make a profit of £32,000 per annum. Required: Determine the sales required to achieve this profit

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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