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Information The financial manager of Seiko Manufacturers provided the following budgeted information for the month ended 31 August 2020: Estimated production -5 000 units Estimated
Information The financial manager of Seiko Manufacturers provided the following budgeted information for the month ended 31 August 2020:
Estimated production -5 000 units
Estimated sales - 4 500 units
Selling price per watch - R900
Variable manufacturing costs per watch - R550
Fixed manufacturing overheads - R300 000
Marketing and administrative costs: R150 000
Fixed costs Variable costs per watch sold - R100
Required Prepare the Income Statement for the month ended 31 August 2020 using the absorption costing method.
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