The following actitivity took place during January and February: January February Sales Production 14,000 units 16,000 units 16,000 units 14,500 units There is an opening stock on 1 January of 3,000 units. Required: (a) Calculate the standard cost and profit for oe unit of output (b) Prepare profit statements for each month using (i) Marginal costing (ii) Absorption costing

The following actitivity took place during January and February: January February Sales Production 14,000 units 16,000 units 16,000 units 14,500 units There is an opening stock on 1 January of 3,000 units. Required: (a) Calculate the standard cost and profit for oe unit of output (b) Prepare profit statements for each month using (i) Marginal costing (ii) Absorption costing

Name: A company produces and sells a single product, the standard unit cost
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Description: A company produces and sells a single product, the standard unit costs details of which the follows:Direct marterial2kilos x N$4.5 per kiloDirect labour3 hours x N$5 per hour3 hours x N$3 per hour28°CMostly sunnyVariable overheadThe total fixed over

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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