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prepare a profit and loss statement under 608692

Prepare a profit and loss statement under

(i) Absorption costing and (ii) Marginal costing from the following data:

Total units produced

5000 units

Total units sold

4000 units

Selling price per unit

Rs. 10

Total fixed overheads

Rs. 15,000

Cost structure:

(Per unit)

Direct material:

Rs. 2

Direct wages:

Rs. 2

Variable overhead:

Rs. 2

Fixed overhead:

Rs. 3.

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