REQUIRED Use the information provided below to prepare the Income Statement of Revlon Enterprises for the year ended 31 December 2022 using the following methods: Marginal costing Absorption costing 2.1 2.2 INFORMATION The following information relates to the only product produced by Revlon Enterprises during 2022: Opening inventory Number of units manufactured Number of units sold Selling price per unit Direct material cost per unit Direct labour cost per unit Variable manufacturing overheads cost per unit Variable selling and administrative cost per unit sold Fixed manufacturing overhead cost Fixed selling and administrative costs Nil 5 000 4 500 R200 R14 R23 R12 R3 R200 000 R400 000
REQUIRED Use the information provided below to prepare the Income Statement of Revlon Enterprises for the year ended 31 December 2022 using the following methods: Marginal costing Absorption costing 2.1 2.2 INFORMATION The following information relates to the only product produced by Revlon Enterprises during 2022: Opening inventory Number of units manufactured Number of units sold Selling price per unit Direct material cost per unit Direct labour cost per unit Variable manufacturing overheads cost per unit Variable selling and administrative cost per unit sold Fixed manufacturing overhead cost Fixed selling and administrative costs Nil 5 000 4 500 R200 R14 R23 R12 R3 R200 000 R400 000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:REQUIRED
Use the information provided below to prepare the Income Statement of Revlon Enterprises for the year ended
31 December 2022 using the following methods:
Marginal costing
Absorption costing
2.1
2.2
INFORMATION
The following information relates to the only product produced by Revlon Enterprises during 2022:
Opening inventory
Number of units manufactured
Number of units sold
Selling price per unit
Direct material cost per unit
Direct labour cost per unit
Variable manufacturing overheads cost per unit
Variable selling and administrative cost per unit sold
Fixed manufacturing overhead cost
Fixed selling and administrative costs
Nil
5 000
4 500
R200
R14
R23
R12
R3
R200 000
R400 000
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