Tshepo ( Pty ) Ltd ( Tshepo ) manufactures a new lower range cell phone brand in
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Question:
Tshepo Pty Ltd Tshepo manufactures a new lower range cell phone brand in the market, CellD. Tshepo has a May yearend. The following budgeted information is for the month ended May : Unit information: Details Units Opening inventory May Production Closing inventory May Budgeted costs for the month: Details R Direct materials Direct labour Variable manufacturing overheads Fixed manufacturing overheads allocated based on units produced Fixed selling and administration The budgeted manufacturing cost per unit for May corresponds with the actual manufacturing cost per unit for April ie the opening inventory cost per unit is equal to the current month inventory cost per unit. The selling price is R per cell phone unit and the variable selling and administration cost is R per cell phone. aPrepare the budgeted income statement statement of comprehensive income of Tshepo Pty Ltd for the month of May according to both the variable and the absorption costing systems.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: