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Cost Accounting

This topic has 1 reply, 2 voices, and was last updated 3 years ago by John Moffat.

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June 11, 2022 at 9:08 pm #658514
syedaarijnaqvi
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Burgertown Ltd produces fast food burgers for sale to the public. The company has the following costs for a month:
$
Bread buns 800
Cheese 1,000
Depreciation 2,000
Light and Heat 1,000
Meat 3,000
Rent 5,000
Salad 3,000
Salaries 6,000
The company expects to sell 10,000 burgers at $2.50 each all of which can be made using the above ingredients.
a) Complete the simple income statement below:
$ $
Working column
Sales
Cost of Sales (Direct & Variable Costs)
Gross Profit (Contribution)
Overheads (Indirect/Fixed Costs)
Net Profit
b) What is the variable cost per burger?
c) What is the Contribution per burger?
June 12, 2022 at 10:53 am #658535
John Moffat
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- Topics: 57
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There is no point in simply typing out a full question and expecting to be provided with a full answer.
You must have an answer in the same book in which you found the question, so ask about whatever it is in the answer that you are not clear about and I will explain.
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