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REQUIRED 2.1 Use the information provided below to prepare the Income Statement of Nescafe Limited for the month ended 31 May 2017 using the: 2.1.1
REQUIRED 2.1 Use the information provided below to prepare the Income Statement of Nescafe Limited for the month ended 31 May 2017 using the: 2.1.1 Variable costing method. (9 marks) 2.1.2 Absorption costing method. ( 8 marks) 2.2 Reconcile the profit calculated according to variable costing (in question 2.1.1) with the profit calculated according to absorption costing (in question 2.1.2). ( 3 marks) INFORMATION The following information was extracted from the accounting records of Nescafe Limited for the month ended 31 May 2017
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