MANAGEMENT ACCOUNTING ANSWER QUESTION 1 AND 2 ONLY The following information is extracted from Kobena Company’s records for Product A, Period 1; Units produced 18,000 units Units sold (RM27 per unit)...

MANAGEMENT ACCOUNTING

ANSWER QUESTION 1 AND 2 ONLY

The following information is extracted from Kobena Company’s records for Product A, Period 1; Units produced 18,000 units Units sold (RM27 per unit) 17,200 units Budgeted units 18,000 units Variable production cost per unit RM17 Fixed cost: Fixed production overheads Fixed administration costs RM45,000 RM13,000 There were no opening inventories at the beginning of the period. By referring to the information given for Product A, you are required to:

i) Calculate the predetermined overheads absorption rate per unit based on unit of production.

ii) Calculate total production cost per unit.

iii) The value of closing inventory in Ringgit Malaysia (RM).

iv) Prepare Absorption Costing Statement of Profit and Loss for Period 1.