Question: REQUIRED 2.1 Use the information provided below to prepare the Income Statement of Nescafe Limited for the month ended 31 May 2017 using the: 2.1.1

 REQUIRED 2.1 Use the information provided below to prepare the Income

REQUIRED 2.1 Use the information provided below to prepare the Income Statement of Nescafe Limited for the month ended 31 May 2017 using the: 2.1.1 Variable costing method. (9 marks) 2.1.2 Absorption costing method. ( 8 marks) 2.2 Reconcile the profit calculated according to variable costing (in question 2.1.1) with the profit calculated according to absorption costing (in question 2.1.2). ( 3 marks) INFORMATION The following information was extracted from the accounting records of Nescafe Limited for the month ended 31 May 2017

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