(a)[8]
Draw up a statement for the year to show: - the budgeted total contribution for each product - the budgeted total profit for each product - the budgeted total profit.
(b)[9]
Fill in the table to show the effect of Option 2.
(c)[7]
Advise the directors which option they ought to choose. Support your answer with both financial and non-financial factors.
(d)[4]
Explain how unit contribution may be applied by a business that manufactures several products when there is a shortage of production materials.
(e)[2]
State two additional uses of marginal costing for a business.