QUESTION 3 MARGINAL COSTING 25 MARKS The following information relates to Mashamba Industries Ltd. R 15.00 9.50 Selling price per unit Variable cost per unit Fixed production costs Fixed distribution cost Variable selling cost (per unit) Opening inventory 24 000.00 10 000.00 0.50 1 000 units Units Sold Year 1 Year 2 Produced 10 000 10 000 10 000 10 000 8 000 Year 3 11 000 Required: a) Prepare income statement under; i. Variable costing, and ii. Absorption costing b) Reconcile the costing of the two costing systems. 10 marks 10 marks 5 marks Scanned with CamScanner