Calculate the contribution per unit for each product.
Prepare a statement showing the maximum contribution and maximum profit that Y Limited can earn in July 2017.
Calculate the total machine hours needed to satisfy maximum demand in July 2017.
Calculate the maximum contribution and the maximum profit for July 2017, allowing for the restricted machine hours available.
Advise the directors whether they should hire the replacement machine. Support your answer by weighing up both the advantages and disadvantages of hiring the replacement machine.
State three short-term decisions, apart from limiting factor decisions, where marginal costing would be useful.
Calculate to two decimal places a suitable overhead absorption rate for each department.
Calculate the over absorption or under absorption of overheads for each department.