QUESTION 3

(2 marks) (2 marks)

(2 marks)

(2 marks) (Total 20 marks)

Andes is a snow evacuating equipment manufacturing company in the Scandinavian with a branch in Ghana responsible for marketing and distributing it products in faraway South Africa where as a result of the seemingly cold climate the weather falls below the solidification point of water causing traces of snow in the southern part of the country. The management accountant of the company was charged with the responsibility to produce a statement of income for the year just ended to enable policy to be made on what level of sales the company will break-even the coming period using the drafted income statement as a guide for the future. A summary of profit stateme