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# Amount of trade receivables; total cost per unit

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During July, sales of \$350,000 were made of which 20% were in cash. Credit customers paid \$303 800 after deducting a 2% cash discount. How much did the trade receivables (debtors) owe to the business at 31 July?

A factory produces a product with a variable cost of \$0.60 per unit. Fixed costs are \$15000 per quarter, including rent of \$6000 per quarter. If more than 20,000 units are made per quarter, additional space is required which increases the rent by 50%. What is the total cost per unit of producing 30 000 units in a quarter?

A job cost sheet showed the following estimates (see attached file). The job actually took 25% more labour hours than were estimated. What was the profit?

#### Solution Preview

Check the attached sheet.

A \$ 15200 B \$ 16000 C \$ 22 200 D \$ 76000

Solution: July Credit Sales = 350000*80% = 280,000
Gross Receivables for Cash Received = ...

#### Solution Summary

The solution calculates amount of trade receivables; total cost per unit; net profit on job.

\$2.19