b) The Following information of Exeter Limited is Available- Year 1 Year 2 Production 17,000...
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Accounting
b) The Following information of Exeter Limited is Available- Year 1 Year 2 Production 17,000 17,500 Sales 15,000 1500 Year 3 20,000 15,000 Selling Price Direct material Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed manufacturing overhead Fixed selling and administrative expenses Tk. 80 per unit Tk. 4 per unit Tk. 3 per unit Tk. 2 per unit Tk. 1 per unit Tk. 2,04,000 Tk. 1,50,000 Required i. Prepare product cost in Absorption costing and Variable costing format. ii. Prepare Income statement in both Absorption costing and Variable costing format. iii. Prepare Reconciliation Statement
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