From the following information, prepare an Income Statement under:(a) Marginal Costing; (b) Absorption Costing. Particulars Product (RO) X Y Z Direct Material 5,500 20,000 2,000 Direct Wages 7,000 7,000 1,000 Factory Overheads - Fixed 2,000 1,000 1,500 Factory Overheads - Variable 1,900 8,000 2,500 Selling Overheads - Fixed 1,000 500 400 Selling Overheads - Variable 1,000 4,000 1,000 Sales 22,000 41,000 12,000 Fixed factory overhead and fixed selling overhead apportioned to products X, Y and Z on equitable bases.

From the following information, prepare an Income Statement under: (a) Marginal Costing; (b) Absorption Costing. Particulars Product (RO) X Y Z Direct Material 5,500 20,000 2,000 Direct Wages 7,000...

(a) Marginal Costing; (b) Absorption Costing.

Fixed factory overhead and fixed selling overhead apportioned to products X, Y and Z on equitable bases.

Jun 11, 2022