2 (20 Marks) REQUIRED Prepare the Income Statement of Abbey Limited for the month ended...
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Accounting
2 (20 Marks) REQUIRED Prepare the Income Statement of Abbey Limited for the month ended 31 March 2023 using the following methods: 2.1 Absorption costing 2.2 Variable costing INFORMATION The following information was extracted from the accounting records of March 2023: (11 marks) (9 marks) Abbey Limited for the month ended 31 Inventory on 01 March 2023 Production Sales Selling price per unit Manufacturing costs: Fixed manufacturing overheads costs Direct materials cost per unit Direct labour cost per unit Variable manufacturing overheads costs per unit Marketing costs: Advertising Sales personnels salaries and commission Delivery costs Administration costs: Salaries Other office costs Nil 50 000 units 40 000 units R200 R480 000 R40 R24 R16 R32 00
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