Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Lintang Bistari manufactures and sells tablets and uses standard costing. For the month of September 2020 there was no beginning inventory, there were 3,000 units

Lintang Bistari manufactures and sells tablets and uses standard costing.

For the month of September 2020 there was no beginning inventory, there were

3,000 units produced and 2,500 units sold. The manufacturing variable cost per unit

is RM385 and the variable operating cost per unit was RM312.50. The fixed

manufacturing cost is RM450,000 and the fixed operating cost is RM75,000. The

selling price per unit is RM925.

Required:

Prepare the income statement for Lintang Bistari for September 2020 under variable

costing.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To prepare the income statement for Lintang Bistari for September 2020 under variable costing we nee... 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

Step: 3

blur-text-image

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

Principles Of Cost Accounting

Authors: Edward J. Vanderbeck

15th Edition

978-0840037039, 0840037031

More Books

Students also viewed these Accounting questions