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please do it in 45 minutes please urgently... I'll give you up thumb definitely Question 3 A manufacturing company produces and sells Product A. Cost
please do it in 45 minutes please urgently... I'll give you up thumb definitely
Question 3 A manufacturing company produces and sells Product A. Cost and sales data for the first month of operations pertaining the product are shown below:- Manufacturing costs Fixed overhead Variable overhead Direct labour Direct material RM 200,000 3 per unit 2 per unit 30 per unit Units in beginning inventory Units produced Units sold 0 15,000 11,000 Selling and administrative costs Fixed overhead Variable overhead RM 150,000 4 per unit The product sells for RM120 per unit. Fixed manufacturing overhead is absorbed based on production output units. The production manager is concerned with the opening month's results and has asked for an income statement. Find Jan. - Apr. 2022 Required: (8) Calculate the production cost per unit and prepare an income statement for the first (10 marks) month of operations using absorption costing. 6) Calculate the production cost per unit and prepare an income statement for the first month of operations using marginal costing. (10 marks) (c) Explain why the profits in parts (a) and (b) are different. (5 marks) [Total: 25 Marks]Step by Step Solution
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