Problema utensil-manufacturing firm produced and sold 500, Ask an Expert

Accounting

Problem:

A utensil-manufacturing firm produced and sold 500 utensils in the month of September 2013. The cost and revenue figures for the month for the month of September 2013 are given below:

Direct material = Rs. 10,00,000
Indirect material = Rs. 30,000
Direct labour = Rs. 5,00,000
Indirect labour = Rs. 30,000
Fixed FOH = Rs. 40,000
Variable FOH = Rs. 5,00,000
Revenue = Rs. 25,00,000

Question: Find the contribution margin and the breakeven monthly number of utensils

Note: Explain all steps comprehensively.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91172239

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