c. A business which is situated next to Afya Plaza sales Pizza and other fast foods....

 

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c. A business which is situated next to Afya Plaza sales Pizza and other fast foods. The following information has been availed to you. Sales Raw materials. Direct labour cost Variable Manufacturing overhead Fixed Manufacturing overheads Variable distribution & adm. Overheads Fixed distribution & admin. Overheads 240,000 60,000 85,000 120,000 15,000 155,000 i. Marginal Costing Statement ii. Absorption Costing Statement Required: Prepare income statement for Pizza Inn Business for the year ended 30th December 2020 based on: 1,000,000 (5 marks) (5 Marks) c. A business which is situated next to Afya Plaza sales Pizza and other fast foods. The following information has been availed to you. Sales Raw materials. Direct labour cost Variable Manufacturing overhead Fixed Manufacturing overheads Variable distribution & adm. Overheads Fixed distribution & admin. Overheads 240,000 60,000 85,000 120,000 15,000 155,000 i. Marginal Costing Statement ii. Absorption Costing Statement Required: Prepare income statement for Pizza Inn Business for the year ended 30th December 2020 based on: 1,000,000 (5 marks) (5 Marks)