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Operating statement: Marginal costing - all amounts in Total: 4 January February March April months Sales A. to Z. LTD manufactures and sells a single
Operating statement: Marginal costing - all amounts in Total: 4 January February March April months Sales A. to Z. LTD manufactures and sells a single product. The following information concerns the first four months of 2019. Variable cost per unit 30 Selling Price per unit 55 Fixed costs per month 6,000 All figures in units January February March April Production (units) 500 500 450 500 Sales (units) 500 400 550 450 Notes: There was no Opening Inventory as at 1/January/2019. Requirements: (1). Please prepare an operating statement for each of the four months, based on marginal costing. (2). Please prepare an operating statement for each of the four months, based on absorption costing. Cost of Sales: Opening Inventory Production cost (6 marks) (6 marks) Closing Inventory Cost of sales Gross profit Fixed cost Net profit
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