From the following data, prepare statements of cost according to both absorption costing as well as marginal-costing techniques:
|
Sales |
6,000 |
|
Direct material |
2,400 |
|
Direct labour |
1,600 |
|
Factory overheads: |
|
|
Fixed: |
1,200 |
|
Variable |
400 |
|
Administrative overheads: |
|
|
Fixed: |
200 |
|
Selling overheads: |
|
|
Fixed: |
400 |
|
Variable: |
200 |