please do it ASAP! It's Absorption costing. Q.4 Waleed Sons provides the following data...
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Accounting
please do it ASAP!
It's Absorption costing.
Q.4 Waleed Sons provides the following data relates to its product X: Selling price per unit Rs. 200 Production cost per unit: Raw material 75 Direct labour 50 Variable FOH 50% of direct labour cost Fixed factory overhead 500,000 Administrative and Selling Overheads 1,000,000 No. of units produced 55,000 No. of units sold 50,000 Required: Prepare income statements for Waleed Sons using: 1. Absorption costing approach (05 Marks) (THE END)
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