Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2.1 Use the information given below to prepare the Income Statement for March 2022 according to the (12 marks) absorption costing method. INFORMATION The

image text in transcribed

2.1 Use the information given below to prepare the Income Statement for March 2022 according to the (12 marks) absorption costing method. INFORMATION The following information was extracted from the accounting records of Alpha Enterprises for the month ended 31 March 2022: Sales Selling price per unit Finished products on 01 March 2022 Products manufactured during the month Variable manufacturing costs per unit Variable selling and administrative costs per unit sold Fixed manufacturing costs Fixed selling and administrative costs 3 200 units R100 400 units 3 600 units R26 R12 R25 200 R12 400 Additional information The variable manufacturing cost per unit and total manufacturing cost per unit of the finished goods on 01 March 2022 was R21.60 and R26.20 respectively.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Forensic Accounting

Authors: Robert Rufus, Laura Miller, William Hahn

1st Edition

133427528, 133050475, 9780133427523, 978-0133050479

More Books

Students also viewed these Accounting questions

Question

Statistical regression: Were extreme groups used?

Answered: 1 week ago