Use the information provided below to prepare the Income Statement of Malvern Enterprises for the year...
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Use the information provided below to prepare the Income Statement of Malvern Enterprises for the year ended 31 December 2022 using the absorption costing method. INFORMATION The information given below relate to Malvern Enterprises for the year ended 31 December 2022: Inventory on 01 January 2022 Nil Sales (R40 per unit) 60 000 units Production 50 000 units Direct material R540 000 Direct labour R190 000 Manufacturing overheads: Fixed Variable Fixed administrative costs Selling costs: Fixed Variable R114 000 R80 000 R435 000 R440 000 R450 000 Use the information provided below to prepare the Income Statement of Malvern Enterprises for the year ended 31 December 2022 using the absorption costing method. INFORMATION The information given below relate to Malvern Enterprises for the year ended 31 December 2022: Inventory on 01 January 2022 Nil Sales (R40 per unit) 60 000 units Production 50 000 units Direct material R540 000 Direct labour R190 000 Manufacturing overheads: Fixed Variable Fixed administrative costs Selling costs: Fixed Variable R114 000 R80 000 R435 000 R440 000 R450 000
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