SELLING PRICE R116 UNITS IN OPENING INVENTORY 600 UNITS MANUFACTURED 2550 UNIT SOLD 3050 UNITS IN CLOSING INVENTORY 100 VARIABLE COSTS PER UNIT: DIRECT MINERALS R12 DIRECT LABOUR R50 VARIABLE MANUFACTURING OVERHEAD R6,50 VARIABLE SELLING AND ADMINISTRATIVE R10,00 FIXED COST: FIXED MANUFACTURING OVERHEAD R81 000 FIXED SELLING AND ADMINISTRATIVE R19 000 Prepare an income statement for the month using the absorption costing method
SELLING PRICE R116 UNITS IN OPENING INVENTORY 600 UNITS MANUFACTURED 2550 UNIT SOLD 3050 UNITS IN CLOSING INVENTORY 100 VARIABLE COSTS PER UNIT: DIRECT MINERALS R12 DIRECT LABOUR R50 VARIABLE MANUFACTURING OVERHEAD R6,50 VARIABLE SELLING AND ADMINISTRATIVE R10,00 FIXED COST: FIXED MANUFACTURING OVERHEAD R81 000 FIXED SELLING AND ADMINISTRATIVE R19 000 Prepare an income statement for the month using the absorption costing method
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management
analysis
Section: Chapter Questions
Problem 3BE: Variable costingsales exceed production The beginning inventory is 52,800 units. All of the units...
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SELLING PRICE | R116 |
UNITS IN OPENING INVENTORY | 600 |
UNITS MANUFACTURED | 2550 |
UNIT SOLD | 3050 |
UNITS IN CLOSING INVENTORY | 100 |
VARIABLE COSTS PER UNIT: | |
DIRECT MINERALS | R12 |
DIRECT LABOUR | R50 |
VARIABLE MANUFACTURING |
R6,50 |
VARIABLE SELLING AND ADMINISTRATIVE | R10,00 |
FIXED COST: | |
FIXED MANUFACTURING OVERHEAD | R81 000 |
FIXED SELLING AND ADMINISTRATIVE | R19 000 |
Prepare an income statement for the month using the absorption costing method
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