Calculate GVAfc
| (i) Units of output sold | 1000 | | (ii) Price per unit of outpu | 30 | | (iii) Depreciation | 1000 | | (iv) Intermediate cost | 12,000 | | (v) Closing Stock | 3000 | | (vi) Opening stock | 2000 | | (vii) Excise duty | 2500 | | (viii) Sales tax | 3500 |
GVOmp = sales + change in stock
= (1000 x 30) + ( 3000 – 2000)
= 30000 + 1000
= 31000 GVAfc = GVOmp – IC - NIT
= 31000 – 12000 - 6000
GVAfc = 13000
