Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ykl trading sells telephone accessories & comp

YKL TRADING sells telephone accessories & components. The following information is available for the year...

70.2K

Verified Solution

Question

Accounting

YKL TRADING sells telephone accessories & components. The following information is available for the year ended 31 December 2021. RM Sales 200,000 Raw Materials 24,000 Direct Labour 14,000 Variable manufacturing cost 9,000 Fixed manufacturing overhead 27,000 Variable distribution & administrative expenses 4,500 Fixed distribution & administrative expenses 15,000 Required:

a) Prepare an income statement for the year ended 31 December 2021 based on both Marginal (variable) and Absorption costing. (18 marks)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Operations Management
1.2K views

Organizational Design is described as being “the foundation” of business organization. Where do Organizational Structure and Organizational...

Biology
1.2K views

In living organisms all amino acids are O D D L L D L L...

Physics
1.2K views

White light is incident normally on a glass slab Inside the glass slab KCET 2012...

Basic Math
1.2K views

18 Among the reasons for the American Revolution were taxation without representation and the quartering...

Basic Math
1.2K views

If two states are selected at random from a group of 30 states, determine the...

Algebra
1.2K views

2 4 points The labeled pictures for two different trig equations are shown If we...

Algebra
1.2K views

5 Here are three patterns with their first 5 terms listed For each pattern de...

Accounting
1.2K views

part a part b is a...

Accounting
1.2K views

Naylor Company had $154,300 of net income in 2016 when the selling price per unit...

Accounting
1.2K views

Describe the impact (i.e., financial or other) on the business including, but not limited to,...

Accounting
1.2K views

perpetual inventory using LIFO Perpetual Inventory Using UFO Beginning inventory,...

Accounting
1.2K views

Problem 8-30 Integration of the Sales, Production, and Direct Materials Budgets [LO8-2, LO8-3, LO8-4] Milo...