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The production cost of 1,000 units of an article is as follows: Material Wages Fixed and variable overhead The company produced 5.000 units. The selling price per unit is 20 and profit is 20,000. Calculate the amount of fixed and variable overheads. 4,000 6,000 8,000?
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The production cost of 1,000 units of an article is as follows: Materi...
Calculation of Overheads and Profit
Production Cost for 1,000 units:
- Material cost: Not provided
- Wages cost: Not provided
- Fixed overhead: Not provided
- Variable overhead: Not provided
Selling price per unit: 20
Profit: 20,000
Number of units produced: 5,000
Calculation of Production Cost per unit:
- Material cost: Not provided
- Wages cost: Not provided
- Fixed overhead: Not provided
- Variable overhead: Not provided
Total cost per unit: Not provided
Calculation of Revenue per unit:
Selling price per unit: 20
Revenue per unit: 20
Calculation of Profit per unit:
Profit: 20,000
Number of units produced: 5,000
Profit per unit: 4
Calculation of Total Production Cost:
Total revenue: 100,000 (5,000 units x 20 selling price)
Total profit: 20,000
Total cost: 80,000 (100,000 - 20,000)
Total production cost per unit: 16 (80,000 / 5,000 units)
Calculation of Overheads:
Total production cost per unit: 16
Material cost per unit: Not provided
Wages cost per unit: Not provided
Variable overhead per unit: Not provided
Fixed overhead per unit: Not provided
Calculation of Fixed Overheads:
Total production cost per unit: 16
Material cost per unit: Not provided
Wages cost per unit: Not provided
Variable overhead per unit: Not provided
Fixed overhead per unit: 8 (16 - (Material cost per unit + Wages cost per unit + Variable overhead per unit))
Calculation of Variable Overheads:
Total production cost per unit: 16
Material cost per unit: Not provided
Wages cost per unit: Not provided
Fixed overhead per unit: 8
Variable overhead per unit: 8 (16 - (Material cost per unit + Wages cost per unit + Fixed overhead per unit))
Therefore, the amount of fixed overhead is 8,000 and the amount of variable overhead is 8,000.
Production Cost for 1,000 units:
- Material cost: Not provided
- Wages cost: Not provided
- Fixed overhead: Not provided
- Variable overhead: Not provided
Selling price per unit: 20
Profit: 20,000
Number of units produced: 5,000
Calculation of Production Cost per unit:
- Material cost: Not provided
- Wages cost: Not provided
- Fixed overhead: Not provided
- Variable overhead: Not provided
Total cost per unit: Not provided
Calculation of Revenue per unit:
Selling price per unit: 20
Revenue per unit: 20
Calculation of Profit per unit:
Profit: 20,000
Number of units produced: 5,000
Profit per unit: 4
Calculation of Total Production Cost:
Total revenue: 100,000 (5,000 units x 20 selling price)
Total profit: 20,000
Total cost: 80,000 (100,000 - 20,000)
Total production cost per unit: 16 (80,000 / 5,000 units)
Calculation of Overheads:
Total production cost per unit: 16
Material cost per unit: Not provided
Wages cost per unit: Not provided
Variable overhead per unit: Not provided
Fixed overhead per unit: Not provided
Calculation of Fixed Overheads:
Total production cost per unit: 16
Material cost per unit: Not provided
Wages cost per unit: Not provided
Variable overhead per unit: Not provided
Fixed overhead per unit: 8 (16 - (Material cost per unit + Wages cost per unit + Variable overhead per unit))
Calculation of Variable Overheads:
Total production cost per unit: 16
Material cost per unit: Not provided
Wages cost per unit: Not provided
Fixed overhead per unit: 8
Variable overhead per unit: 8 (16 - (Material cost per unit + Wages cost per unit + Fixed overhead per unit))
Therefore, the amount of fixed overhead is 8,000 and the amount of variable overhead is 8,000.
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The production cost of 1,000 units of an article is as follows: Material Wages Fixed and variable overhead The company produced 5.000 units. The selling price per unit is 20 and profit is 20,000. Calculate the amount of fixed and variable overheads. 4,000 6,000 8,000?
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