Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Berjaya Plastic Company produces and sell plastics bottles. In December 2021, it produced 30,000 units and sold 25,000 units of the bottles. The following information
Berjaya Plastic Company produces and sell plastics bottles. In December 2021, it produced 30,000 units and sold 25,000 units of the bottles. The following information are available for the year ended 313 December 2021: Selling price per unit 40 Direct materials cost per unit RM Direct wages per unit Variable manufacturing overhead per unit 2 Variable selling expenses per unit sold 1 Fixed manufacturing overhead per year 15000 Fixed selling and administrative costs per year 75000 You are required to: a) Display total product cost per unit using Marginal Costing and Absorption Costing b) Construct the income Statement for Berjaya Plastics Company using Marginal Costing and Absorption
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started