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QUESTION 3 The following information the manufacturing and sales activities of Polygold Sdn Bhd for the month of June 2021. There was no opening inventory
QUESTION 3 The following information the manufacturing and sales activities of Polygold Sdn Bhd for the month of June 2021. There was no opening inventory at the beginning of June 2021. Fixed production overheads per period RM 16,000 Fixed administrative costs per period RM 14,000 Selling price per box RM 80 Normal production capacity 4,000 boxes Actual production for the period 5,000 boxes Sales volume for the period 2,000 boxes Direct materials cost per box RM 20 Direct labour cost per box RM 10 Variable production overhead cost per box RM 30 REQUIRED a) Calculate the unit product costs using marginal costing and absorption costing methods. b) Prepare the statements of profit or loss for the month ending 30th June 2021 using: i) Marginal Costing i) Absorption Costing
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