QUESTION $2$

$(20$ Marks$)$

$2\mathrm{.}1$

REQUIRED

Study the information provided below and prepare the Income Statement for the year ended $31$ December $2023$ using the marginal costing method.

$(11$ marks$)$

INFORMATION

Marburg Manufacturers started aperations on $02$ January $2023.$ it produced $50000$ units of the only producf that it manufactires and sold $80\%$ of the units produced at a price of R$150$ per unil during $2023.$ Variable manufacturing costs amounted to R$50$ per unit and variable marketing costs amounted to R$30$ per unit. Fwod costs totaled R$1200000$ of which $70\%$ was for manutacturing and $30\%$ was for adrinistration and marketing.