QUESTION 2 REQUIRED Use the information given below to prepare the income statement of Kendall Manufacturers for October 2023 using the following methods: 2.1 Marginal costing 2.2 Absorption costing INFORMATION The following information was provided by Kendall Manufacturers for the only product produced during October 2023: Opening inventory Number of units manufactured Sales Selling price per unit Variable manufacturing costs per unit Fixed manufacturing overhead cost Variable selling cost per unit Fixed selling cost Fixed administrative cost Nil 5000 R4 200 000 R1 000 R425 R325 000 R80 R175 000 R200 000
QUESTION 2 REQUIRED Use the information given below to prepare the income statement of Kendall Manufacturers for October 2023 using the following methods: 2.1 Marginal costing 2.2 Absorption costing INFORMATION The following information was provided by Kendall Manufacturers for the only product produced during October 2023: Opening inventory Number of units manufactured Sales Selling price per unit Variable manufacturing costs per unit Fixed manufacturing overhead cost Variable selling cost per unit Fixed selling cost Fixed administrative cost Nil 5000 R4 200 000 R1 000 R425 R325 000 R80 R175 000 R200 000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:QUESTION 2
REQUIRED
Use the information given below to prepare the income statement of Kendall Manufacturers for October 2023
using the following methods:
2.1 Marginal costing
2.2 Absorption costing.
INFORMATION
The following information was provided by Kendall Manufacturers for the only product produced during
October 2023:
Opening inventory
Number of units manufactured
Sales
Selling price per unit
Variable manufacturing costs per unit
Fixed manufacturing overhead cost
Variable selling cost per unit
Fixed selling cost
Fixed administrative cost
Nil
5000
R4 200 000
R1000
R425
R325 000
R80
R175 000
R200 000
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