Use the information given below to prepare the Income Statement for March 2022 according to the absorption costing metho
Posted: Tue Jul 05, 2022 11:25 am
Use the information given below to prepare the Income Statementfor March 2022 according to the absorption costing method. Thefollowing information was extracted from the accounting records ofAlpha Enterprises for the month ended 31 March 2022: Sales 3 200units Selling price per unit R100 Finished products on 01 March2022 400 units Products manufactured during the month 3 600 unitsVariable manufacturing costs per unit R26 Variable selling andadministrative costs per unit sold R12 Fixed manufacturing costsR25 200 Fixed selling and administrative costs R12 400