Prepare the Income Statement of Rotary Limited for the year ended 28 February 2021 using the following methods of costing: 21 Marginal costing 22 Absorption costing INFORMATION The folloving information was extracted from the accounting records of Rotary Limited for the year ended 28 February 2021: Inventory on 01 March 2020 Nil Production for the year 35 000 units Sales for the vear 30 000 units Foxed costs: Manufacturing R700 000 Sales and administration R480 000 Variable costs per unit Manufacturing R48 Sales and administration R12 Sellina price per unit R150

Prepare the Income Statement of Rotary Limited for the year ended 28 February 2021 using the following methods of costing: 21 Marginal costing 22 Absorption costing INFORMATION The folloving information was extracted from the accounting records of Rotary Limited for the year ended 28 February 2021: Inventory on 01 March 2020 Nil Production for the year 35 000 units Sales for the vear 30 000 units Foxed costs: Manufacturing R700 000 Sales and administration R480 000 Variable costs per unit Manufacturing R48 Sales and administration R12 Sellina price per unit R150

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 14PA: Summarized data for Walrus Co. for its first year of operations are: A. Prepare an income statement...

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