absorption costing method.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 38E: Total and Unit Product Cost Martinez Manufacturing Inc. showed the following costs for last month:...
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Question
Use the information given below to prepare the Income Statement for March 2022 according to the
absorption costing method.
INFORMATION
The following information was extracted from the accounting records of Alpha Enterprises for the month ended 31
March 2022:
Sales 3 200 units
Selling price per unit R100
Finished products on 01 March 2022 400 units
Products manufactured during the month 3 600 units
Variable
Variable selling and administrative costs per unit sold R12
Fixed manufacturing costs R25 200
Fixed selling and administrative costs R12 400
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