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30 Solo limited makes and sells a single product.The following data relates to period 1 to 4. Variable cost per unit Selling price per unit
30 Solo limited makes and sells a single product.The following data relates to period 1 to 4. Variable cost per unit Selling price per unit 55 Fixed cost per period 6000 Normal activity is 500 units and production and sales for the four periods are as follows; Periods 1 2 3 4 Sales 500 400 550 450 Production 500 500 450 500 a. Prepare operating statements for each of the periods 1 to 4 based on marginal costing principles. b. Prepare operating statements for each of the periods 1 to 4 based on absorption costing principles. C. Comment briefly on the results obtained in each period and in total by the two systems
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