The following information relates to the only product made by Mario Traders for the year...
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Accounting
The following information relates to the only product made by Mario Traders for the year ended 31 July 2022: Opening inventory 0 Number of units manufactured 945 000 Number of units sold (at R310 per unit) 756 000 Direct materials cost per unit R94 Direct labour cost per unit R123 Variable manufacturing overheads cost per unit R92 Variable selling expenses per unit R22 Fixed manufacturing overheads cost R18 900 000 Fixed selling and administrative expenses R15 750 000
2.2 Draft the income statement for the year ended 31 July 2022 using the Absorption costing method
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