QUESTION 2 Prepare the Income Statement of Kansas Manufacturers for the year ended 31 December...
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QUESTION Prepare the Income Statement of Kansas Manufacturers for the year ended December using the: Variable costing method Absorption costing method. INFORMATION Kansas Manufacturers started operations on January and produced units of the only product that it manufactures. During units were sold. Variable manufacturing costs amounted to R per unit whilst fixed manufacturing costs amounted to R per unit Kansas Manufacturers had the intention of producing units during but produced only units. Fortyfour thousand units were sold at a price of R per unit during Variable costs totalled R of which were manufacturing and were administration and marketing. Fixed costs totalled R of which were manufacturing and were administration and marketing Kansas Manufacturers adheres to the firstinfirstout principle with regards to its inventory.
QUESTION Prepare the Income Statement of Kansas Manufacturers for the year ended December
using the:
Variable costing method
Absorption costing method.
INFORMATION
Kansas Manufacturers started operations on January and produced units of the only product that it manufactures. During units were sold. Variable manufacturing costs amounted to R per unit whilst fixed manufacturing costs amounted to R per unit
Kansas Manufacturers had the intention of producing units during but produced only units.
Fortyfour thousand units were sold at a price of R per unit during Variable costs totalled R
of which were manufacturing and were administration and marketing. Fixed costs totalled R
of which were manufacturing and were administration and marketing
Kansas Manufacturers adheres to the firstinfirstout principle with regards to its inventory.
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