Question: Please help me i will give good rating a. Prepare budgeted profit statement for each month, based on each of the following approaches: (i) Absorption

Please help me i will give good rating

Please help me i will give good rating a. Prepare budgeted profit

a. Prepare budgeted profit statement for each month, based on each of the following approaches:

(i) Absorption costing

(ii) Marginal Costing

b. Prepare a budgeted profit reconciliation statement

Blackpink Bhd produces and sells Product S. The selling price per unit of Product S is RM30 The Company is preparing budgets for the months of January and February, 2021. The following are the budgeted volumes for the 2 months: January February Production(units) 5,000 4,500 Sales (units) 4,000 5,500 Stock of products at the beginning of January 2021 is expected to be 1.000 units. The Costing Department has provided the following data of standard production cost per unit: Direct materials Direct labour Variable production overhead Fixed production overhead 2 2 kilos at RM 4 per kilo 2 hours at RM 3.5 per hour RM1 per direct labour hour RM1.5 per direct labour hour The fixed production overhead is budgeted based on normal monthly production units of 4,000 units. Other non-production costs (other overhead) are budgeted as follows: Variable marketing cost Fixed marketing cost Fixed administration cost Required: RM RM 5% of sales value 5,000 per month 4,000 per month

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