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Question 1 Maxxa Limited manufactures one product, the Maxx. For the month of January 2019,...

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Accounting

Question 1 Maxxa Limited manufactures one product, the Maxx. For the month of January 2019, the following information is available: Number of units manufactured 4,000 Number of units sold 3,000 Selling price RM8 per unit Direct materials for month RM5,000 Direct labour for month RM9,000 Fixed production overheads for month RM6,000 There was no finished goods inventory at the start of the month. Both direct materials and direct labour are variable costs. Required: You are produce Statement of Profit or Loss using marginal costing and absorption costing methods.

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