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Make the income statement for the month ended august

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Reference no: EM132509598

Information The financial manager of Seiko Manufacturers provided the following budgeted information for the month ended 31 August 2020:

Estimated production -5 000 units

Estimated sales - 4 500 units

Selling price per watch - R900

Variable manufacturing costs per watch - R550

Fixed manufacturing overheads - R300 000

Marketing and administrative costs: R150 000

Fixed costs Variable costs per watch sold - R100

Question 1: Required Prepare the Income Statement for the month ended 31 August 2020 using the absorption costing method.

Reference no: EM132509598

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