Question: Section C 140 MARKS] Answer ALL question in this section. Question 1 [20 Marks) The following information related to one product produced by Moleps Manufacturers

Section C 140 MARKS] Answer ALL question in this section. Question 1 [20 Marks) The following information related to one product produced by Moleps Manufacturers (Pty) Ltd during September 2015. 0 P1.200 P1,000 P1,500 P300 Opening inventory Number of units manufactured Number of units sold Selling price per unit Direct materials per unit Direct labour per unit Variable manufacturing cost per unit Variable selling and administrative cost per unit Fixed manufacturing cost Fixed selling and administrative cost P200 P250 P100 P400,000 P100,000 Required (a) Calculate absorption costing per unit (3 Marks) (b). Calculate breakeven quantity for the company (based on absorption costing) (3 Marks) (c). Prepare the Income Statement for the month ended 30th September 2015 using Marginal/variable costing method. (14 Marks)

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