Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the information given below to prepare the Income statement of Kendall Manufacturers for October 2023 using the following methods: 2.1 Marginal costing 2.2 Absorption

Use the information given below to prepare the Income statement of Kendall Manufacturers for October 2023 using the following methods:

2.1 Marginal costing

2.2 Absorption costing

INFORMATION October 2023: The following information was provided by Kendall Manufacturers for the only product produced during

Opening inventory 0

Number of units manufactured 5000

Sales R4 200 000

Selling price per unit R1000

Variable manufacturing costs per unit R425

Fixed manufacturing overhead cost R325 000

Variable selling cost per unit R80

Fixed selling cost R175 000

Fixed administrative cost R200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting concepts and applications

Authors: Albrecht Stice, Stice Swain

11th Edition

978-0538750196, 538745487, 538750197, 978-0538745482

More Books

Students also viewed these Accounting questions

Question

Why do bars offer free peanuts?

Answered: 1 week ago