Question
The data below is extracted from the records of an industrial company for the cost period ending in August 2020 First: Cost Data: 1- Direct
The data below is extracted from the records of an industrial company for the cost period ending in August 2020
First: Cost Data:
1- Direct production materials 50,000 riyals
2- Direct production wages 28,000 riyals
3- Direct production services 10,000 riyals
4- Indirect production costs 30,000 riyals (60% of which are fixed)
5- Direct marketing costs 22,000 riyals
6- Indirect marketing costs 40,000 riyals (20% of which are variable)
7- Administrative and financing costs 50,000 riyals
Second, other data:
1- The production and marketing capacity is 10,000 units per month
2- The number of units produced during the month is 8000 units
3- There is no stock under operation at the beginning and end of the period, and there is no complete stock at the beginning of the period
4- The number of units sold per month is 6,000 units, at a unit price of 50 riyals
Required :
Preparing cost and business result lists according to different costing methods?
They are in the variable style, the total style, and the exploited style
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