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please answer questions a and b respectfully. Manulactidice of the product io Se per unit. Fixed The selling price costs are expected to be {1340000
please answer questions a and b respectfully.
Manulactidice of the product io Se per unit. Fixed The selling price costs are expected to be {1340000 for a 'General factory' costs represcing space utilization is as follows: production departument 1 production department 2 Sixty per cent of service department costs are labour related Service department 40 per cent machine related. rate per unit of production for each production department, based upon normal activity. Required: (a) Prepare a profit statement for a period using the full absorption costing system described above and showing each element of cost separately. Costs for the period were as per expectation, except for additional expenditure of 20000 on fixed manufacturing overhead in Production Department 1. Production and sales were 116000 and 114000 units respectively for the period. (b) Prepare a profit statement for the period using marginal costing principles instead. for the period using marfinal Manulactidice of the product io Se per unit. Fixed The selling price costs are expected to be {1340000 for a 'General factory' costs represcing space utilization is as follows: production departument 1 production department 2 Sixty per cent of service department costs are labour related Service department 40 per cent machine related. rate per unit of production for each production department, based upon normal activity. Required: (a) Prepare a profit statement for a period using the full absorption costing system described above and showing each element of cost separately. Costs for the period were as per expectation, except for additional expenditure of 20000 on fixed manufacturing overhead in Production Department 1. Production and sales were 116000 and 114000 units respectively for the period. (b) Prepare a profit statement for the period using marginal costing principles instead. for the period using marfinalStep by Step Solution
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