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Create income statements for the year ended dec

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Reference no: EM132569922

Bio Tech manufactures and sells surgical mask. It produced and sold 30,000 masks. The following represent information available for the year ended December 3, 2016.

$

Selling Price per unit 25

Direct Materials cost per unit 6

Direct wages per hour 3

Variable manufacturing overhead per unit 2

Variable selling Expenses per unit 4

Fixed manufacturing overhead 160,000

Fixed Admin & distribution 50,000

Required:

Question A. Create income statements for the year ended Dec 31, 2018 based on both marginal and absorption costing. ()

Question B. Outline the main difference between a marginal costing statement and the absorption costing statement. State what contributes to a difference in profits under both techniques.

Reference no: EM132569922

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