(a)[3]
Explain the meaning of contribution.
(b)[3]
Calculate the budgeted unit contribution for each product.
(c)[3]
Calculate the budgeted total profit for the year ending 31 December 2021 if demand is fully met.
(d(i))[5]
Prepare the optimum production plan for the year ending 31 December 2021 based on the available machine hours.
(d(ii))[3]
Calculate the budgeted total profit for the year ending 31 December 2021 based on the optimum production plan.
(e)[7]
Advise Connie on whether she ought to pay her landlord $65000. Justify your advice.
(f(i))[1]
Define the term: Variable cost.
(f(ii))[1]
Define the term: Semi-variable cost.
(f(iii))[1]
Define the term: Fixed cost.
(g)[3]
State three assumptions used when applying marginal costing.