The following information relates to the only product produced by Leeds Manufacturers during March 2022: Opening...
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The following information relates to the only product produced by Leeds Manufacturers during March 2022: Opening inventory Number of units manufactured Number of units sold Selling price per unit Direct materials cost per unit Direct labour cost per unit Fixed manufacturing overhead costs Variable manufacturing overheads cost per unit Fixed selling costs Fixed administrative costs Variable selling costs per unit Nil 3 000 2700 R300 R60 R50 R90 000 R20 R50 000 R60 000 R25 Prepare the Income Statement of Leeds Manufacturers for March 2022 using each of the following methods from the information provided below: The following information relates to the only product produced by Leeds Manufacturers during March 2022: Opening inventory Number of units manufactured Number of units sold Selling price per unit Direct materials cost per unit Direct labour cost per unit Fixed manufacturing overhead costs Variable manufacturing overheads cost per unit Fixed selling costs Fixed administrative costs Variable selling costs per unit Nil 3 000 2700 R300 R60 R50 R90 000 R20 R50 000 R60 000 R25 Prepare the Income Statement of Leeds Manufacturers for March 2022 using each of the following methods from the information provided below:
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Answer rating: 100% (QA)
41 Prepare of the Income Statement using Direct costing A B C 1 41 Marginal costing Income statement 2 Sales R81000000 3 Variable expense 4 Variable C... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
Posted Date:
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