Using the below information, prepare a profit and loss statement for July and August using the...
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Using the below information, prepare a profit and loss statement for July and August using the Marginal Costing for Al Madina Sdn Bhd. Al Madina Sdn Bhd produces and sells one product only which is selling at RM100 per unit. There was zero inventory balance at the end of Jun. Other related information is as follows. Standard Cost per unit: RM • Direct material cost per unit RM16 • Direct wages cost per unit RM6 • Variable production overhead per unit RM3 Budgeted and actual cost per month: • Fixed production overhead per month RM99,000 • Fixed selling expenses per month RM14,000 • Fixed administration expenses per month RM26,000 • Variable selling expenses is 5% of sales volume Below is the number of units produced and sold per month for July and August: August 11,000 units 10,200 units Units sold Units Produced July 12,800 units 14,000 units Required: Prepare a profit and loss statement for July and August using the marginal costing for Al Madina Sdn. Bhd. Using the below information, prepare a profit and loss statement for July and August using the Marginal Costing for Al Madina Sdn Bhd. Al Madina Sdn Bhd produces and sells one product only which is selling at RM100 per unit. There was zero inventory balance at the end of Jun. Other related information is as follows. Standard Cost per unit: RM • Direct material cost per unit RM16 • Direct wages cost per unit RM6 • Variable production overhead per unit RM3 Budgeted and actual cost per month: • Fixed production overhead per month RM99,000 • Fixed selling expenses per month RM14,000 • Fixed administration expenses per month RM26,000 • Variable selling expenses is 5% of sales volume Below is the number of units produced and sold per month for July and August: August 11,000 units 10,200 units Units sold Units Produced July 12,800 units 14,000 units Required: Prepare a profit and loss statement for July and August using the marginal costing for Al Madina Sdn. Bhd.
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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