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Question 2 Answer the questions from the information provided. 2.1 Use the information given below to prepare the Income Statement for March 2022 according

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Question 2 Answer the questions from the information provided. 2.1 Use the information given below to prepare the Income Statement for March 2022 according to the absorption costing method. (12 marks) INFORMATION The following information was extracted from the accounting records of Alpha Enterprises for the month ended 31 March 2022: Sales Selling price per unit Finished products on 01 March 2022 Products manufactured during the month Variable manufacturing costs per unit 3 200 units R100 400 units 3 600 units R26 Variable selling and administrative costs per unit sold R12 Fixed manufacturing costs R25 200 Fixed selling and administrative costs R12 400 3 Additional information The variable manufacturing cost per unit and total manufacturing cost per unit of the finished goods on 01 March 2022 was R21.60 and R26.20 respectively.

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