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Question #02 Marks : 06 (2X3) The Friends company is a single product company. The following data is available for the month of March 2021.
Question #02 Marks : 06 (2X3) The Friends company is a single product company. The following data is available for the month of March 2021. 1. Sale price per unit: Tk. 30.00 2. Number of units manufactured and sold during the month: 2,000 3. Variable manufacturing cost per unit: Tk. 12.00 4. Variable selling and administrative cost per unit: Tk.4.00 5. Fixed manufacturing cost per month: Tk.6,00 6. Fixed marketing and administrative cost per month: Tk 2,000 Company does not maintain finished goods and work in process inventory. Required A. Prepare income statement following traditional format B. Prepare income statement following contribution format
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