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Prince Rupert fish company buys and sells fishes. The following is the report for Prince Rupert fish company. Diseased fish must be thrown away
Prince Rupert fish company buys and sells fishes. The following is the report for Prince Rupert fish company. Diseased fish must be thrown away before it is sold Beginning inventory Fishes caught Diseased fishes Sold Variable cost Processing cost per fish Marketing cost per fish Fixed Costs Administrative cost i. June 0 5000 1200 1600 ii. 6 2 The selling price per fish is $ 35. Prepare the followings. 20,000 July 2,200 3000 700 3,900 6.5 1.9 16,000 Statement of comprehensive income for June and July under variable costing and absorption costing. Show the reconciliation between variable costing and absorption costing. Why is there a difference in the cost between the variable costing and absorption costing?
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To prepare the statement of comprehensive income for June and July under variable costing and absorption costing for Prince Rupert Fish Company we need to calculate the cost of goods sold COGS and the ...Get Instant Access to Expert-Tailored Solutions
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