Hi! :) Question about Marginal costing in Management accounting, we have information for January and
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Hi! 🙂 Question about Marginal costing in Management accounting, we have information for January and
February:
January
Number of devices sold 2,130
Number of devices produced 3,500
Total variable manufacturing cost $31,550
Total fixed manufacturing cost $31,550
Total (variable) selling and distribution cost $42,300
Total (fixed) administration cost $12,335
February:
Number of devices sold 2820
Number of devices produced 1450
Total variable manufacturing cost $17,220
Total fixed manufacturing cost $31,550
Total (variable) selling and distribution cost $46,880
Total (fixed) administration cost $17,220
The sales price of the device is $22 per unit
And I need to prepare income statement for that month using marginal costing.I asked yesterday for same task only in absorption costing because I got the results but I would like to check If it is correct as this is extremely important to me and now I want to double check marginal cost too . Thank you. 🙂
Marginal Costing Income StatementJanuaryFebruaryUnits Sales21302820Sales ($22 per unit)46,860.00S62,040.00Less: Variable Costs:Manufacturing costs*19,200.43S29,569.57Selling and…
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