Customizer makes two products, the X and Y. Information relating to each of these productsfor June 2021 is as follows.X (Units)Y (Units)Opening InventoryProductionSales15,00010,0006,0005,000X (RM)Y (RM)Sales Priceunit20perPrime costVariable productionoverhead3012161Variable sales overhead3For June 2021, Customizer incurred the following fixed cost:RM40,00015,00025,000Production costsAdministration costsSales and Distribution costsRequired:Based on the given information as above, you are required to calculate the profit or loss in June2021 using marginal costing principles, if sales had been 15,000 units of X and 6,000 units ofY. (Please show relevant working).

Name: Customizer makes two products, the X and Y. Information relating to e
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Description: Customizer makes two products, the X and Y. Information relating to each of these productsfor June 2021 is as follows.X (Units)Y (Units)Opening InventoryProductionSales15,00010,0006,0005,000X (RM)Y (RM)Sales Priceunit20perPrime costVariable producti

Income Statement-Marginal Costing Under marginal Costing , opening and closing inventory are valued…

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Customizer makes two products, the X and Y. Information relating to each of these products for June 2021 is as follows. X (Units) Y (Units) Opening Inventory Production Sales 15,000 10,000 6,000 5,000 X (RM) Y (RM) Sales Price per unit Prime cost Variable production overhead Variable sales overhead 20 30 12 16 1 For June 2021, Customizer incurred the following fixed cost: RM Production costs Administration costs Sales and Distribution costs 40,000 15,000 25,000 Required: Based on the given information as above, you are required to calculate the profit or loss in June 2021 using marginal costing principles, if sales had been 15,000 units of X and 6,000 units of

Customizer makes two products, the X and Y. Information relating to each of these products for June 2021 is as follows. X (Units) Y (Units) Opening Inventory Production Sales 15,000 10,000 6,000 5,000 X (RM) Y (RM) Sales Price per unit Prime cost Variable production overhead Variable sales overhead 20 30 12 16 1 For June 2021, Customizer incurred the following fixed cost: RM Production costs Administration costs Sales and Distribution costs 40,000 15,000 25,000 Required: Based on the given information as above, you are required to calculate the profit or loss in June 2021 using marginal costing principles, if sales had been 15,000 units of X and 6,000 units of

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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