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please answer all questions and show calculations please QUESTION 1 The following information is available for periods 1 - 6 for the Hoque Company: (N$)
please answer all questions and show calculations please
QUESTION 1 The following information is available for periods 1 - 6 for the Hoque Company: (N$) Unit selling price Unit variable cost Fixed cost per each period 10 6 300,000 The company produces only one product. Budgeted activity is expected to average 150,000 units per period and production and sales for each period are as follows: Units sold (000s) Units produced (000s) Year 1 Year 2 Year 3 Year 4 Year 5 150 120 180 150 140 150 150 150 150 170 Year 6 160 140 There were no opening inventories at the start of period 1 and the actual manufacturing fixed overhead incurred was N$300,000 per period. We shall also assume that non-manufactured overheads are N$100,000 per period. Required: Draw up a statement of comprehensive income as per the marginal/variable costing principles for all six periods. (50 marks) QUESTION 2 The following information is available for periods 1 - 6 for the Hoque Company: Unit selling price Unit variable cost Fixed cost per each period (NS) 10 6 300,000 The company produces only one product. Budgeted activity is expected to average 150,000 units per period and production and sales for each period are as follows: Units sold (000s) Units produced (000s) Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 150 120 180 150 140 160 150 150 150 170 140 150 There were no opening inventories at the start of period 1 and the actual manufacturing fixed overhead incurred was N$300,000 per period. We shall also assume that non-manufactured overheads are N$100,000 per period. Required: Draw up a statement of comprehensive income as per the absorption costing principles for all six periods. (50 marks)
please answer all questions and show calculations please
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