Svenborg AS manufactures and sells wide-screen television sets. It uses an actual-costing system, in which unit costs
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Svenborg AS manufactures and sells wide-screen television sets. It uses an actual-costing system, in which unit costs are calculated on a monthly basis. Data relating to January, February and March of 2022 are:
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January February March Unit data Opening stock Production 0 300 300 1000 800 1250 Sales 700 800 1 500 Variable-cost data Manufacturing costs per unit produced Marketing costs per unit sold DKK 900 600 DKK 900 600 DKK 900 600 Fixed-cost data Manufacturing costs Marketing costs DKK 400 000 140 000 DKK 400 000 140 000 DKK 400 000 140 000 The selling price per unit is DKr 2500. Required 1 Present income statements for Svenborg in January, February and March of 2022 under (a) variable costing and (b) absorption costing. 2 Explain any differences between (a) and (b) for January, February and March.
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Related Book For
Management And Cost Accounting
ISBN: 9781292436029
8th Edition
Authors: Alnoor Bhimani, Srikant Datar, Charles Horngren, Madhav Rajan
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