Entity Z is trying to obtain a cost estimate for the costs of repairs. The...
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Entity Z is trying to obtain a cost estimate for the costs of repairs. The following monthly repair costs have been recorded for the past six months. Plack Company is a manufacturing company that makes and sells a single product. The following information relates to the company's manufacturing operations in the next financial year. Opening and closing stock: Production: Sales: Fixed production overheads: Fixed sales overheads: Nil 18,000 units 15,000 units R117,000 R72,000 Using absorption costing, the company has calculated that the budgeted profit for the year will be R43,000. Required: What would be the budgeted profit if marginal costing is used, instead of absorption costing
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