Question $2$

Makmur Sdn Bhd $($MSB$)$ manufactures and sells a single product, ABC. MSB produce $950$ units and their sales are at $900$ units.

$\backslash$table$[[,$RM$],[$Selling price per unit,$1,100],[$Variable costs per unit:,$],[-$ Direct Materials,$450],[-$ Direct Labour,$200],[-$ Manufacturing Overheads,$150]]$

Fixed overheads were as follows:

$\backslash$table$[[$Fixed overheads:,Budgeted$],[-$ General and administration overheads,$36,000],[-$ Manufacturing overheads,$90,000],[-$ Selling and distribution overheads,$45,000]]$

Budgeted production for the month was $1,000$ units. There were no opening stocks as at $1$st March $2024.$

Required:

Prepare a Statement of Comprehensive Income for the year ended ${31}^{st}$ March $2024$ using the following methods $($round up your answer to the nearest decimal places$)$

$($a$)$ Absorption

Costing

$(10$ marks$)$

$($b$)$ Marginal Costing

$(10$ marks$)$