ACCT 332 (ACCT332)

SUGGESTED SOLUTION REQUIRED PART 1 ACTUAL PROFIT FOR THE YEAR ENDED 28 FEBUARY 2014 NO OF UNITS PRODUCED AND SOLD 5 900 units REVENUE Sales (given) R 1 829 000 VARIABLE COSTS R 1 368 310 Wood expense (N1)) R 1 158 200 Casual labour (given) R 105 600 VMO Sales commission (N2) (given) R 31 350 R 73 160 CONTRIBUTION R 460 690 FIXED COSTS R 40 250 Supervisor (given) R 35 000 FMO (N8) 5 250 NET PROFIT R 420 440 N1- Wood expense Wood ...