The following information was extracted from the accounting records of Hilton Manufacturers for the year ended September 2024:

Inventory at the beginning of the year Nil Production for the year 28 500 Sales for the year 24 000 Selling price per unit R82 R Direct Materials cost per unit 22 Direct Labour cost per unit 11 Variable Manufacturing overheads per unit 7 Variable selling and administrative cost per unit 5 Fixed manufacturing overhead cost 274 000 Fixed selling and administrative cost 95 000

Answer the following :

(Round of to two decimal places) 2.1 Prepare the Income Statement using the Marginal Costing method.

2.2 Prepare the Income Statement using the

The following information was extracted from the accounting records of Hilton Manufacturers for the year ended September 2024:

Inventory at the beginning of the year Nil Production for the year 28 500 Sales for the year 24 000 Selling price per unit R82 R Direct Materials cost per unit 22 Direct Labour cost per unit 11 Variable Manufacturing overheads per unit 7 Variable selling and administrative cost per unit 5 Fixed manufacturing overhead cost 274 000 Fixed selling and administrative cost 95 000

2.1 Prepare the Income Statement using the Marginal Costing method.

2.2 Prepare the Income Statement using the Absorption Costing method

The following information was extracted from the accounting records of Hilton Manufacturers for the year ended September 2024: The company utilises the first-in-first-out method of inventory valuation. REQUIRED: (Round of to two decimal places) 2.1 Prepare the Income Statement using the Marginal Costing method. 2.2 Prepare the Income Statement using the Absorption Costing method