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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.
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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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