Prepare comparative income statement, Finance Basics

From the following cost, production and sales data of Decors Motor Ltd., prepare comparative income statement for three years under (i) absorption costing method, and (ii) marginal costing method. Indicate the unit cost for each year under each method. Also evaluate the closing stock. The company produces a single article for sale.

Particulars

Year

 

2008

2009

2010

Selling Price per unit

  20

  20

  20

Variable manufacturing cost per unit

  10

 10

  10

Total fixed manufacturing cost

5000

5000

5000

Opening Stock (Units)

-

-

 500

Units Produced

1000

1500

2000

Units Sold

1000

1000

1500

Closing Stock (Units)

-

  500

1000

 

Posted Date: 4/6/2013 1:53:35 AM | Location : United States







Related Discussions:- Prepare comparative income statement, Assignment Help, Ask Question on Prepare comparative income statement, Get Answer, Expert's Help, Prepare comparative income statement Discussions

Write discussion on Prepare comparative income statement
Your posts are moderated
Related Questions

Expectation Theory The theory states here that the yield curve depends on the expectation concerning with future inflation rates. The rate on long-term bonds will exceed, If i

Q1.  A local delivery company has purchased a delivery truck for $15,000.  The truck will be depreciated under MACRS as a five year property.  The trucks market value (salvage valu

In order to value a debt security correctly, we must understand the terms and conditions of debt securities precisely. These terms define the contractual rights of the debt securit

What are the Functions of Stock Exchange Main functions performed b stock exchange are as follows: (1) Providing Liquidity and Marketability to existing securities: Sto

how to calculate cash flow? What components are required to calculate it ?

Define the term - Finding a Broker Selection of a broker depends largely on the kind of services rendered by a specific broker as well as upon the type of transaction that a

Elephant Company common stock has a beta of 1.2. The risk-free rate is 6% and the expected market rate of return is 12%. Determine the required rate of return on the security.

how to make a perdiem claim format to maintain the records of staff

Task: Decide upon 2 mutual exclusive projects. Calculate the income statement, balance sheet, and statement of cash flows for all year Calculate the NPV, IRR, and