REQUIRED Prepare the Income Statement of Abbey Limited for the month ended 31 March 2023 using the following methods: 2.1 Absorption costing (11 marks) 2.2 Variable costing (9 marks) INFORMATION The following information was extracted from the accounting records of Abbey Limited for the month ended 31 mnna. REQUIRED Use the information provided below to caloulate the following: 3.1 The manufacturing costs per unit and fhe total manufacturing costs, if all the overheads costs are abeorbed on a machine hour basis. 32 The overheads cost per unit using the AaC system. (4 marks) (16 marks) INFCRMATION Visa Limited manufactures two products and the company is keen on applying the principles of acfivity-based costing (ADC). Relevant information pertaining to the bwo products for a given periad appear below: The two products are similar and are usually produced in production runs of 20 units and sold in batches of 10. Curently the producfion overheads are atsorbed by using a machine hour raie, and the toal of fhe producfion overheads for the period are as follows: The cost divers (in random order) to be used for fhe overhead costs are as follows: The number of requisifons raised on the stores was 120 for each product and the number of orders execuled was 126 , each arder being for a batch of 10 of a product. REQUIRED Prepare the Income Statement of Abbey Limited for the month ended 31 March 2023 using the following methods: 2.1 Absorption costing (11 marks) 2.2 Variable costing (9 marks) INFORMATION The following information was extracted from the accounting records of Abbey Limited for the month ended 31 mnna. REQUIRED Use the information provided below to caloulate the following: 3.1 The manufacturing costs per unit and fhe total manufacturing costs, if all the overheads costs are abeorbed on a machine hour basis. 32 The overheads cost per unit using the AaC system. (4 marks) (16 marks) INFCRMATION Visa Limited manufactures two products and the company is keen on applying the principles of acfivity-based costing (ADC). Relevant information pertaining to the bwo products for a given periad appear below: The two products are similar and are usually produced in production runs of 20 units and sold in batches of 10. Curently the producfion overheads are atsorbed by using a machine hour raie, and the toal of fhe producfion overheads for the period are as follows: The cost divers (in random order) to be used for fhe overhead costs are as follows: The number of requisifons raised on the stores was 120 for each product and the number of orders execuled was 126 , each arder being for a batch of 10 of a product