Below is the manufacturing income stalement for Mac Sdn Bbd Selling price per un

Question

Below is the manufacturing income stalement for Mac Sdn Bbd Selling price per unit Variable production costs per unit Direct material Direct labor Variable overhead $2,000 $600 225 Variable selling expemse per unit Contribution margin per unit 900 40 1060 Fixed manufacturing overhead per year Fixed selling expense Fixed administrative expense $1,200,00 $100,00 $500000 Note 1. During the year the quantity Produced is 5000unit and Quantity sold is 5000. 2. Unit produced is 6000 and Unit sold is 4800. Use Absorption and Marginal cost approach to draw up the income statement for Mac Sdn Bhd.

Explanation / Answer

Part 2

Income Statement (Variable Costing) 5000 units produced and Sold Sales 10000000 Variable Cost Cost of Goods Sold 900*5000 4500000 Selling Expense 40*5000 200000 4700000 Contribution 5300000 Fixed Expense Variable Cost Fixed overhead Cost 120000 Fixed Selling Expense 100000 Fixed Admin Expense 500000 720000 Net Income 4580000

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