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Use the information given below to prepare the Income statement of SAS Manufacturers for October 2023 using the following methods: 2.1: Marginal Costing 2.2
Use the information given below to prepare the Income statement of SAS Manufacturers for October 2023 using the following methods: 2.1: Marginal Costing 2.2 Absorption Costing INFORMATION The following information was provided by SAS Manufacturers for the only product produced during October 2023: Opening inventory Nil Number of units manufactured Sales 5 000 Unit R4 200 000 Selling price per unit Variable manufacturing costs per unit Fixed manufacturing overhead cost R1 000 R425 Variable selling cost per unit Fixed selling cost Fixed administrative cost R325 000 R80 R175 000 R200 000
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