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Jule Ltd makes and sells two products, Tam and Lam. The following information is available:...

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Accounting

Jule Ltd makes and sells two products, Tam and Lam. The following information is
available:
Tam Lam
Production (units)9,0007,000
Sales (units)8,0005,500
Opening stock (units)500400
Budgeted capacity (units)10,0006,000
Financial Data:
$ $
Unit selling price 200160
Unit cost:
Direct materials 455
Direct labour 4015
Variable production overheads 1015
9535
Fixed production overheads 4030
Fixed administration overheads were $500,000 and Fixed selling overheads were
$400,000.
Management is planning on launching a marketing campaign to increase the sale of
Tam. They believe that the higher selling price of Tam means that it will generate more
revenue and profit than Lam. Advise management on the product they should focus on
increasing sales for. (Use References)

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