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6. Jason Novelty Company produces a specialty item. Management has provided the following information: 80,000...

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Accounting

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6. Jason Novelty Company produces a specialty item. Management has provided the following information: 80,000 units 100.000 units $54 per unit $9 per unit Actual sales Budget & actual production Selling price Direct materials Variable manufacturing costs (direct labour & variable overhead) Variable administrative costs Fixed manufacturing overhead Total fixed administrative costs $4 per unit $6 per unit $5 per unit $300,000 per annum Required: (a) Compute the Gross Profit under absorption costing. (4 marks) (b) Compute the Contribution Margin and Net Profit under variable costing. (6 marks) (c) Compute the Throughput Margin and the Net Profit under throughput costing

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