2.1 Use the information given below to prepare the Income Statement for March 2022 according to the absorption costing m
Posted: Tue Jul 05, 2022 11:26 am
2.1 Use the information given below to preparethe Income Statement for March 2022 according to the absorptioncosting method.
INFORMATION
The following information was extracted from the accountingrecords of Alpha Enterprises for the month ended 31 March 2022:
Sales 3 200 units
Selling price per unit R100
Finished products on 01 March 2022 400 units
Products manufactured during the month 3 600 units
Variable manufacturing costs per unit R26
Variable selling and administrative costs per unit sold R12
Fixed manufacturing costs R25 200
Fixed selling and administrative costs R12 400
Additional information
The variable manufacturing cost per unit and total manufacturingcost per unit of the finished goods on 01 March 2022 was R21.60 andR26.20 respectively.
INFORMATION
The following information was extracted from the accountingrecords of Alpha Enterprises for the month ended 31 March 2022:
Sales 3 200 units
Selling price per unit R100
Finished products on 01 March 2022 400 units
Products manufactured during the month 3 600 units
Variable manufacturing costs per unit R26
Variable selling and administrative costs per unit sold R12
Fixed manufacturing costs R25 200
Fixed selling and administrative costs R12 400
Additional information
The variable manufacturing cost per unit and total manufacturingcost per unit of the finished goods on 01 March 2022 was R21.60 andR26.20 respectively.