Information supplied by a company for the month of June 2022 is as follows: For June...

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Information supplied by a company for the month of June 2022 is as follows: For June 2022 Opening inventory in units 40 Manufactured in units 100 Sold in units 140 Selling price per unit R100 Variable cost per unit Manufacturing R30 Selling and administrative costs R5 Total June Fixed costs 2022 Manufacturing R4 000 Selling and administrative costs R1 200 Required: Show all calculations. 2.1. Valuate the inventory cost per unit according to the absorption costing (3) method. 2.2. Prepare a statement of profit or loss for June 2022 using the absorption (11) costing method. 2.3. Valuate the inventory cost per unit according to the variable costing method. (1) 2.4. Prepare a statement of profit or loss for June 2022 using the variable (12) costing method. Information supplied by a company for the month of June 2022 is as follows: For June 2022 Opening inventory in units 40 Manufactured in units 100 Sold in units 140 Selling price per unit R100 Variable cost per unit Manufacturing R30 Selling and administrative costs R5 Total June Fixed costs 2022 Manufacturing R4 000 Selling and administrative costs R1 200 Required: Show all calculations. 2.1. Valuate the inventory cost per unit according to the absorption costing (3) method. 2.2. Prepare a statement of profit or loss for June 2022 using the absorption (11) costing method. 2.3. Valuate the inventory cost per unit according to the variable costing method. (1) 2.4. Prepare a statement of profit or loss for June 2022 using the variable (12) costing method.

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Answer Explanation First of all we should understand some basic difference between variable and ... View the full answer