Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

from the given information on the photo please prepare income statement for the month ended 31 March 2022 using following method Variable costing Absorption method

image text in transcribed

from the given information on the photo please prepare income statement for the month ended 31 March 2022 using following method Variable costing Absorption method

INFORMATION The following information relates to the only product produced by Aston Manufacturers for the month ended 31 March 2022: Selling price per unit Fixed manufacturing overhead costs Fixed selling and administrative costs Variable selling and administrative costs Direct materials cost per unit Direct labour cost per unit Variable manufacturing overhead costs per unit R50 R300 000 R200 000 10% of sales R8 R7 R5 There was no opening inventory of finished goods. The number of units sold was 45 000, which represented 90% of the number of units produced

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_2

Step: 3

blur-text-image_3

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

ISO 27001 Controls A Guide To Implementing And Auditing

Authors: IT Governance

1st Edition

1787781445, 978-1787781443

More Books

Students also viewed these Accounting questions

Question

Describe the seven standard parts of a letter.

Answered: 1 week ago

Question

Explain how to develop effective Internet-based messages.

Answered: 1 week ago

Question

Identify the advantages and disadvantages of written messages.

Answered: 1 week ago