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Crest Tamico manufactures and sells tinned tomato paste. It sells a tin for $65 per unit. There were no stock at the end of October
Crest Tamico manufactures and sells tinned tomato paste. It sells a tin for $65 per unit. There were no stock at the end of October and other relevant data are as follows Standard cost per unit Areal matend 20 Aweel wages 6 Vanable production overhead 8 Budgeted and actual wits month: per Fixed production overhead 165000 Fixed selling Expenses 24,000 Vaable selling expenses fred administration expenses Hormal I Capacity is 11,000 units per month The number of units produced and sold was: 32,000 10% 07 Sales value Sales Production Required: November Units 25,600 28,000 1. Using the information above, using marginal Cotting Approach. 2. Using the information above, using Absorption Corting Approach 3. Prepare a statement to reconcile the in prot between Marginal lotting and Absorption costing profit as calculated above
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