Hendry Limited produces a mini-kitchen called Town Cook, which is enjoying extensive popularity amongst young children. The following data is available for the month: Selling price (per unit) N$116,00 Units in opening inventory 600 Units manufactured 2550 Units sold 3050 Units in closing inventory Variable cost per unit: 100 N$12,00 N$50,00 Direct materials Direct labour N$6,50 N$10,00 Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative N$81 000,00 N$19 000,00 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. (where applicable, round off amounts to two decimal places) 2.4 Prepare an income statement for the month using the Marginal costing method.

Hendry Limited produces a mini-kitchen called Town Cook, which is enjoying extensive popularity amongst young children. The following data is available for the month: Selling price (per unit) N$116,00 Units in opening inventory 600 Units manufactured 2550 Units sold 3050 Units in closing inventory Variable cost per unit: 100 N$12,00 N$50,00 Direct materials Direct labour N$6,50 N$10,00 Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative N$81 000,00 N$19 000,00 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. (where applicable, round off amounts to two decimal places) 2.4 Prepare an income statement for the month using the Marginal costing method.

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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