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 Nil Number of units manufactured 5 000 Sales R4 200 000 Selling price per unit R1 000 Variable manufacturing costs per unit R425
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 Nil Number of units manufactured 5 000 Sales R4 200 000 Selling price per unit R1 000 Variable manufacturing costs per unit R425
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 4MCQ
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Please do not give solution in image format thanku
![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 Nil Number of units
manufactured 5 000 Sales R4 200 000
Selling price per unit R1 000 Variable
manufacturing costs per unit R425
Fixed manufacturing overhead cost
R325 000 Variable selling cost per unit
R80 Fixed selling cost R175 000 Fixed
administrative cost R200 000
Training](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7c3cae82-9b53-4c52-a43f-df67c2745814%2F7de32984-e4d3-45b8-b835-b98535644762%2Fk1ovop6_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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 Nil Number of units
manufactured 5 000 Sales R4 200 000
Selling price per unit R1 000 Variable
manufacturing costs per unit R425
Fixed manufacturing overhead cost
R325 000 Variable selling cost per unit
R80 Fixed selling cost R175 000 Fixed
administrative cost R200 000
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