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big woof company manufactures a single product the bank details which are as follows, selling price per unit is $180.00, direct material per unit is

big woof company manufactures a single product the bank details which are as follows, selling price per unit is $180.00, direct material per unit is $40.00, direct labour per unit is $16.00 and variable labour per unit is $10.00, annual fixed production overheads are budgeted to be $1.6 million and big woof expects to produce 1280000 units of basis. actual 1.6 million for the year, budgeted fixed selling cost are $320000 per quarter. actual sales and production units for the first quarter are given as sales 240000 and production 280000. there is no opening inventory at the beginning of January, prepare statements of profit or loss for the quarter using marginal costing and absorption costing (10marks)

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