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Complete income statements using the marginal costing

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Question - Mabe Limited produces bottles with fixed allocation rate is R22.7 per unit.During October 20X5, Mabe produced 5 900 products. The following additional actual information is available:

Units sold 5 200

Units in opening inventory 200

Direct material cost per unit R11.000

Direct labour cost per unit R21.500

Variable manufacturing overheads per unit R5.000

Total fixed manufacturing overheads R128 200

Total fixed marketing cost R120 000

Total sales revenue R494 000

Commission paid 5%

Packaging cost per unit R3.20

Each unit produced must be wrapped in special packaging.

Required - Complete income statements using the marginal and absorption costing approaches?

Reference no: EM132855608

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