Question
Study the information provided below and prepare the Income Statement for the year ended 31 December 2023 using the marginal costing method. (11 marks) INFORMATION
Study the information provided below and prepare the Income Statement for the year ended 31 December 2023 using the marginal costing method. (11 marks) INFORMATION Marburg Manufacturers started operations on 02 January 2023. It produced 50 000 units of the only product that it manufactures and sold 80% of the units produced at a price of R150 per unit during 2023. Variable manufacturing costs amounted to R50 per unit and variable marketing costs amounted to R30 per unit. Fixed costs totalled R1 200 000 of which 70% was for manufacturing and 30% was for administration and marketing
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