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-   -   Income statement using marginal costing method? (https://www.askmehelpdesk.com/showthread.php?t=638777)

  • Feb 24, 2012, 05:06 PM
    nono73
    Income statement using marginal costing method?
    Prepare income the statement using marginal costing method based on following info

    Inventory - nil
    Production - 27000
    Sales - 23000
    Fixed manufacturing cost - 120000
    Variable manufacturing cost per unit - 21.00
    Selling price - 50.00
    Marketing cost
    Advertising - 6000
    Sales personnel salaries and commission - 8000 per month plus 5% of sales
    Delivery cost - 5.00
    Administration cost
    Salaries - 18000 per month
    Other office costs - 7000 per month plus 3.00 per unit sold
  • Feb 24, 2012, 05:57 PM
    paraclete
    what you need to know is that Cost of Sales and Gross Profit will be calculated using variable cost of manufacturing all the rest is just basic maths and presentation

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