QUESTION 2 (20 MARKS) REQUIRED Use the information provided below to prepare the Income Statement of Revlon Enterprises for the year ended 31 December 2022 using the following methods 2 1 Marginal costing (11 marks) 2 2 Absorption costing (9 marks) INFORMATION The following information relates to the only product produced by Revlon Enterprises during 2022 Opening inventory Nil Number of units manufactured 5 000 Number of units sold 4 500 Selling price per unit R200 Direct material cost per unit R14 Direct labour cost per unit R23 Variable manufacturing overheads cost per unit R12 Variable selling and administrative cost per unit sold R3 Fixed manufacturing overhead cost R200 000 Fixed selling and administrative costs R400 000 REQUIRED Use the information provided below to prepare the Income Statement of Revlon Enterprises for the year ended 31 December 2022 using the following methods 2 1 Marginal costing (11 marks) 2 2 Absorption costing (9 marks) INFORMATION The following information relates to the only product produced by Revlon Enterprises during 2022

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Question: QUESTION 2 (20 MARKS) REQUIRED Use the information provided below to prepare the Income Statement of Revlon Enterprises for the year ended 31 December 2022

QUESTION 2			(20 MARKS)
REQUIRED
Use the information provided below to prepare the Income Statement of Revlon Enterprises for the year ended 31 December 2022 using the following methods:
2.1	Marginal costing	(11 marks)
2.2	Absorption costing	(9 marks)
INFORMATION
The following information relates to the only product produced by Revlon Enterprises during 2022:
Opening inventory			Nil
Number of units manufactured			5 000
Number of units sold			4 500
Selling price per unit			R200
Direct material cost per unit			R14
Direct labour cost per unit			R23
Variable manufacturing overheads cost per unit			R12
Variable selling and administrative cost per unit sold			R3
Fixed manufacturing overhead cost			R200 000
Fixed selling and administrative costs			R400 000

REQUIRED Use the information provided below to prepare the Income Statement of Revlon Enterprises for the year ended 31 December 2022 using the following methods: 2.1 Marginal costing (11 marks) 2.2 Absorption costing (9 marks) INFORMATION The following information relates to the only product produced by Revlon Enterprises during 2022

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