Homework Answers
Answer
1.)
Increase in operating income = Increase in sale * operating leverage = 12% *4 = 48%
2)
Answer
$ 93620
Explanation;
Total contribution margin for the month under variable costing
| Particulars | Amount($) |
| Sales(3020*93) | 280860 |
| Less;variable cost | |
| Direct material (3020*19) | 57380 |
| Direct labour(3020*33) | 99660 |
| Variable manufacturing overhead(3020*5) | 15100 |
| Variable selling & administrative expense(3020*5) | 15100 |
| Contribution margin | 93620 |
3.)
Answer
$ 92820
Explanation;
Total gross margin for the month under absorption costing approach
| Particulars | Amount($) |
| Direct material per unit | 37 |
| Direct labour per unit | 27 |
| variable manufacturing overhead | 7 |
| Fixed manufacturing overhead(59400/2700) | 22 |
| Cost per unit under absorption costing | 93 |
| Sales(2210*135) | 298350 |
| Cost of goods sold(2210*93) | 205530 |
| Gross margin | 92820 |
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