Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: kieso, weygandt and warfield.

14th Edition

9780470587232, 470587288, 470587237, 978-0470587287

More Books

Students also viewed these Accounting questions