Use the information provided below to prepare the Income Statement for the year ended May
using the following methods:
Marginal costing marks
Absorption costing. marks
INFORMATION
The following information was extracted from the accounting records of Blight Limited, a manufacturer
of rechargeable globes, for the year ended May :
Inventory on June
Production for the year units
Sales for the year units
Selling price per unit R
Variable manufacturing costs per unit:
Direct materials R
Direct labour R
Overheads R
Variable selling costs per unit R
Fixed manufacturing overhead costs R
Fixed selling and administrative costs R
