(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 month’s standard total contribution.
(a(iii))[3]
Calculate the actual total amount 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 that P Limited would have prepared if actual sales units had been either above or below the budgeted 11 000 units.
(c)[4]
Suggest four reasons why the company makes use of standard costs.
(d)[7]
Advise the directors on whether spreadsheets should be used in the preparation of the company’s budgets. Justify your answer.