QUESTION THREE 3.1 Use the following format: RandsSales Less: Variable costs Opening inventory Variable manufacturing...
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Accounting
QUESTION THREE
3.1 Use the following format: RandsSales Less: Variable costs Opening inventory Variable manufacturing costs Goods available for sale Closing inventory Variable cost of goods sold Variable selling expenses Marginal income: Less: Fixed cost Manufacturing costs Selling and admin costs Net profit
3.2 Use the following format: Rands Sales Marginal cost of sales Opening inventory Fixed manufacturing cost Variable manufacturing cost Goods available for sale Closing inventory Gross profit Other costs: Fixed selling and admin costs Variable selling cost Net profit
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