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Prepare operating statements on marginal costing

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Stock, production and sales data for industrial Detergents Ltd. Are given in the following.

                                                Period 1                    Period 2                 period 3                   Period 4

Production units                60,000                           70,000              55,000                  65000

Sales in units                        60,000                      55,000                  65000                70,000

Opening stock                       -------                  -------                    15000                5000

Closing stock                           ------                     15000                       5000              -----

Direct material $ 2.5 per unit

Direct labor 3.0

Production overhead 6.0 6/2 = 3 per unit fixed = v foh = 6-3 = 3 v foh per unit

Selling price per unit 18

Administrative overhead are fixed at $100,000 per period and half of the production overheads are fixed.

Question 1 : From the above information prepare operating statements on marginal costing and absorption costing.

Reference no: EM132561049

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