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Please make sure that all questions are answered. If possible, please write in neat handwriting... Thank you :) QUESTION 1 ?eehat Sdn, Bhd. involves in
Please make sure that all questions are answered. If possible, please write in neat handwriting... Thank you :)
QUESTION 1 ?eehat Sdn, Bhd. involves in the operation of making yogurt and soya milk in Bandar Kayangan. Throughout the month of January, the company has made a total of 200,000 packs of yogurt and 100,000 packs of soya milk. Its fixed overhead is absorbed to the products based on direct labour hour. The following is information on the operation of the company for the month of January 2018: Yogurt Soya Milk RM4.50 190,000 80,000 RM 100,000 400,000 20,000 80,000 RM 60,000 40,000 25,000 Selling price Sales (packs) Direct labour hour Manufacturing cost: RM5.50 80,000 50,000 RM 70,000 250,000 30,000 50,000 RM 30,000 35,000 25,000 Direct material Direct labour Variable manufacturing overhead Fixed manufacturing overhead Non-manufacturing cost: Variable marketing cost Fixed marketing cost Fixed administrative cost a)Based on the above information, answer the following questions: i) calculate product cost per pack for yogurt using absorption and marginal costing (4 marks) ii) calculate product cost per pack for soya milk using absorption and marginal costing (4 marks) methods; methods; iii) prepare Income Statement for Seehat Sdn. Bhd. using absorption costing method; (5 marks) iv) prepare Income Statement for Seehat Sdn. Bhd. using marginal costing method; (5 marks) v) adjust the differences in net income reporting that exist between both income (2 marks) (3 marks) statements; and vi) discuss situations that will result in different net income reporting for both methodsStep by Step Solution
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