Question: I need assistance with 1 . 1 , 1 . 2 and 1 . 3 A company manufactures and sens a single prodoct, Budgeted data

A company manufactures and sens a single prodoct, Budgeted data per unit

I need assistance with 1.1,1.2 and 1.3
of the product is: sell' pnce Vartable Cose Fixed overhead 860 370

A company manufactures and sens a single prodoct, Budgeted data per unit of the product is: sell' pnce Vartable Cose Fixed overhead 860 370 290 All variable costs are manufacturing there are no non-manufacturlng above fixed production absorption rate is based on budgeted production of 12.000 units per period. Budgeted nm.roducbon overhead (all fixed) is R16, 800 per period. Adual sses and protuctjon for two periods has been: Producbm Period 1 11 600 units 12 OOO units Period 2 12 400 units 12 300 units There was no stock at the start Of Period%Theselingprice, Oniivaiia Costs anditbtal flied costs were as per budget in both periods. REQUIRED 1.1 Prepare statements of Comprehensiveorcome r e, dS(eoeriOdd' & Period 2), using absorption costing, showirg t.e actual results for each of the two Periode 1.2The company wishes to compare the results reported above with those that would be reported using marginal costing. Prepare the statgnent of comprehensive income for periods (ie period & Period 2), using mat$tal costing, stowing the actual results for each of the two periods. 1.3 44-Explain fully why the profits reported in period differ pront 'is: Calcultdll$ingi' bSoipbon costing atv (narginal costirg, Calculations are to support your: (6)

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