Answers should be in these format B&O Fabien Ltd...
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Accounting
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B&O Fabien Ltd - continued: Required Task 3: Prepare the following planned values: a. Contribution and contribution / sales ratio (for each product and in total) and the gross profit (in total only - see note) 7 Marks b. Prepare a reconciliation to explain the difference between the total gross profits established using an absorption costing system (task 2 d.) and a marginal costing system (task 3 a.) 7 Marks Note to task 3 a. & b.: The requirement of task 3 should be established using a marginal costing system where: All direct costs are classified as variable All indirect production overheads are classified as fixed The total task 3 mark above, includes marks allocated to short descriptive notes to workings (
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