Marginal and Absorption Costing   Unit Sales      15,000 Production      14,000 Finished goods - Opening         3,000 Finished goods - Ending      ?        Rs Selling price per unit              55 Cost per unit   Material per unit               15 Labour per unit               12 FOH - Variable per unit                 3 Salesman commisson per unit                 2 Advertisement on facebook 1     Fixed Cost   FOH      28,000 Rent of retail outlet      22,000 Gift to loyal customer 5,000 Required: Prepare income statement Marginal Costing Absorption Costing Reconcile the profit

Q: Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income…

A: Contribution margin:Deduction of variable cost from the sales are called contribution…

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A: Contribution margin per unit = selling price per unit - variable cost per unit

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A: Gross margin under absorption = Sales - cost of goods sold

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A: BREAKEVEN POINT Break Even means the volume of production or sales where there is no profit or loss.…

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Q: Contribution Margin by Segment The following information is for Moss Creek Apparel: Sales volume…

A: MARGINAL COSTING INCOME STATEMENTMarginal Costing Income Statement is One of the Important Cost…

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Q: Your small toy manufacturing facility has the following information: Revenue per toy $7.95 Fixed…

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Q: Cordova manufactures three types of stained glass windows, cleverly named Products A, B, and C.…

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Q: Seved Cardinal uses the high-low method of estimating costs. Cardinal had total costs of $24,295 at…

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