Question

The following information relates to Bakex Flour Mills; Sales 10,000units at sh 50 each; Production was 15,000units produced at the following cost
Direct material 150,000
Direct labour 300,000
Variable expenses 60,000
Fixed expenses 120,000

Required:
Prepare an income statement under: a)Marginal costing
b)Absorption costing
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Answer 1

Answer:

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