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) 2.1 Calculate the unit product cost for the month under marginal costing. 2.2 Calculate the unit product cost for the month under absorption costing 2.3 Prepare an income statement for the month using the absorption costing method. 2.4 Prepare an income statement for the month using the Marginal costing method.
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) 2.1 Calculate the unit product cost for the month under marginal costing. 2.2 Calculate the unit product cost for the month under absorption costing 2.3 Prepare an income statement for the month using the absorption costing method. 2.4 Prepare an income statement for the month using the Marginal costing method.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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业不
Selling price (per unit)
R 116
Units in opening inventory
009
Units manufactured
2 550
Units sold
3 050
Units in closing inventory
Variable costs per unit:
Direct materials
R12,00
Direct labour
R50,00
Variable manufacturing overhead
R6,50
Variable selling and administrative
R10,00
Fixed costs:
Fixed manufacturing overhead
Fixed selling and administrative
000 61
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)
2.1
Calculate the unit product cost for the month under marginal costing.
2.2
Calculate the unit product cost for the month under absorption costing
2.3
Prepare an income statement for the month using the absorption costing method.
2.4
Prepare an income statement for the month using the Marginal costing method.
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