QUESTION 2 (20 Marks) REQUIRED Use the information givenbelow to prepare the Income statement of Kendall Manufacturers
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Question:
| QUESTION 2 | (20 Marks) |
| REQUIRED | ||
| Use the information givenbelow to prepare the Income statement of Kendall Manufacturers for October 2023 using the following methods: | ||
| 2.1 | Marginal costing | (10 marks) |
| 2.2 | Absorption costing. | (10 marks) |
| INFORMATION | |
| The following information was provided by Kendall Manufacturers for the onlyproduct produced during October 2023: | |
| Opening inventory | Nil |
| Number of units manufactured | 5 000 |
| Sales | R4 200 000 |
| Selling priceper unit | R1 000 |
| Variable manufacturing costs per unit | R425 |
| Fixed manufacturing overhead cost | R325 000 |
| Variable sellingcost per unit | R80 |
| Fixed sellingcost | R175 000 |
| Fixed administrative cost | R200 000 |
Expert Answer:
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