(a(i))[2]
Calculate the actual selling price per unit.
(a(ii))[3]
Calculate the unit selling price that would have produced the same actual total contribution in April 2024 as the standard total contribution for that month.
(a(iii))[3]
Calculate the actual total quantity of direct materials used (in kilos).
(a(iv))[2]
Calculate the actual price paid for each kilo of direct material.
(a(v))[3]
Calculate the actual direct labour hours used per unit.
(b)[1]
Name the budget P Limited would have drawn up if actual sales units were higher or lower than the budgeted $11\,000$ units.
(c)[4]
Suggest four reasons for the company’s use of standard costs.
(d)[7]
Advise the directors whether they should use spreadsheets when preparing the company’s budgets or not. Justify your answer.