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QUESTION 2 2.1 Discuss the objectives of financial statements. (6) 2.2...

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Accounting

QUESTION 2
2.1 Discuss the objectives of financial statements.
(6)
2.2 The following budgeted information is available for OBC Chicken and Rainbow Chicken:
[TURN OVER]
\table[[,OBC Chicken,Rainbow Chicken],[Variable cost,R300 per crate,R350 per crate],[Fixed cost,\table[[R2000000 per],[annum]],R2400000 per annum],[Interest on debt,R9600000,R9400000],[Expected demand,100000,100000],[Selling price,R800,R800],[EBIT,?,?
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