Question: pleaseee help asap pls pls QUESTION ONE Manus Factorum is a slow fachion induatry that prodaces and sellh a single prodact, a asherally dyod, handwoven
QUESTION ONE Manus Factorum is a slow fachion induatry that prodaces and sellh a single prodact, a asherally dyod, handwoven and organic coenon Midi Dress. Seloctod ooest and opernting dath richting to the product for two years are given below: Required: a) Compute the unit product cost under: i. Variable conting ii. Abrooption costing b) Prepare the income statements for Ycar 1 and Ycar 2 undat aean-5-AE-20sr-3 i. Variable conting ii. Absorption costing (40 marks) e) Reconcile the variable costing and abocetion conting pofft figrea. (14 marks) d) Explain any differences between the income statemeats ander (a) add (b) foe Year 1 and Year 2. QUESTION ONE Manus Factorum is a slow fashion indastry that produses and sells a single product. a muting peoduct for two years are given below; Required: a) Compuece the unit product cost under: 1. Varable costang . Abseption costing (5=ark) [CANTINUED\} b) Prepare the income watements fer Year 1 and Year 2 under: 1. Yariable costing . Abrorption costing {49 mar [3} c) Reccecile the variable costing and absorption costing peofit figures. [10 marAs\} di) Fxplain any bificrences between the incume stakoments under (a) and (b) for Year I and Year 2
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