Business, 19.03.2022 23:30 klu65

One of the products is Ski Helmet which sells at RM60 per unit with variable product cost of RM45 per unit. At the beginning of August 2020, there were no opening inventory and the production during the month was 35,000 units. The fixed production overhead for the month was RM227.500. REQUIRED: (a) Calculate the following using the marginal costing method for sales levels: (i) 25,000 units (ii) 30,000 units and (iii) 35,000 units Contribution per unit; Total contribution for the month of August 2020; Total net profit for the month of August 2020; Net profit per unit sold Cost of inventory per unit; and Total cost of closing inventory at the end of August 2020. (b) Calculate the following using the absorption costing method for sales levels: (i) 20,000 units (ii) 30,000 units and (iii) 35,000 units Total net profit for the month of August 2020; Cost of inventory per unit; Total cost of closing inventory at the end of August 2020; and Net profit per unit sold.

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