Question $6$REQUIRED

Study the information provided below and prepare the Income Statement for the year

ended $31$ December $2023$ using the marginal costing method.

INFORMATION

Marburg Manufacturers started operations on $02$ January $2023.$ It produced $50000$ units of the only

product that it manufactures and sold $80\%$ of the units produced at a price of R$150$ per unit during

Variable manufacturing costs amounted to R$50$ per unit and variable marketing costs amounted

to R$30$ per unit. Fixed costs totalled R$1200000$ of which $70\%$ was for manufacturing and $30\%$ was for

administration and marketing.