What is the budgeted cost of goods sold given the following for next budget period (in $’000)? Sales 5,000; Fixed manufacturing costs 2,000; Variable manufacturing costs are 40% of sales revenue. Inventory levels are expected to remain constant.
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5y ago#1Why are you attempting a question for which you do not have an answer? You should be using a Revision Kit from one of the ACCA approved publishers - they have answers and explanations.
The variable cost is 40% x 5,000 = 2,000. The fixed cost is 2,000.
The total cost of goods sold is the total of the variable and fixed costs.
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