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hello,can you please do it in an accounting format QUESTION 4 (25 MARKS] Dodo Co Ltd is a company that manufactures and sells a particular
hello,can you please do it in an accounting format QUESTION 4 (25 MARKS] Dodo Co Ltd is a company that manufactures and sells a particular shirt. The following budgeted/actual information is provided in relation to the production of this shirt. RS Selling price per unit 250 Direct materials per unit 75 Direct labour per unit 50 Variable production overhead per unit 20 Details for the months of October and November 2020 are as follows: October November Production of shirt (units) 1000 400 Sales of shirt (units) 600 700 Fixed production overheads are budgeted at Rs 5,000 per month and are absorbed on a unit basis. The normal level of production is budgeted at 500 units per month Other costs Fixed selling Rs 3,000 per month Fixed administration Rs 2,000 per month Variable sales commission 10% of sales revenue There is an opening stock of 100 shirts on 1st October 2020 REQUIRED (a) Prepare profit statements for each month using (1) Marginal costing (ii) Absorption costing (20 marks) (b) Prepare a statement reconciling the marginal with the absorption profit for the month
hello,can you please do it in an accounting format
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