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The following patterns of sales and production are expected during the first six months of 2014. January March April June Sales (units) Production (units) 60,000
The following patterns of sales and production are expected during the first six months of 2014.
| January March | April June |
Sales (units) Production (units) | 60,000 70,000 | 90,000 100,000 |
There is no stock on 1 January 2014.
Required:
Prepare profit statements for each of the two quarters, in a columnar format, using the following:
a) Marginal costing(5Marks)
b) Absorption costing (5mks)
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