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Task 2: Prepare (for each product and in total) the following planned values for December 2020: a. Prime costs 11 Marks b. Total (full) costs
Task 2: Prepare (for each product and in total) the following planned values for December 2020: a. Prime costs 11 Marks b. Total (full) costs of production 14 Marks c. Finished goods closing inventories / cost of sales 7 Marks d. Gross profits and gross profit margins) 3 Marks Note to task 2: The requirement of task 2 should be established using an absorption costing system (as described in the production process flowchart) The total task 2 mark above, includes marks allocated to short descriptive notes to workings (
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