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. |