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
What are the Advantages of Listing on Stock Exchange (i) Detailed information about company is available. (ii) Information increases activity of purchase and sale of the sec

What is the need for documents in international business? Substantiate your answer with suitable examples.

The Audiology Department at Randall Clinic offers many services to the clinic’s patients. The three most common , along with cost and utilization data, are as follows: Service Var

After read all the available information carefully, prepare a two page (double-spaced) essay and answer the following questions: Assume that we have the following data: C=100+0.50Y

Development of Lease Finance in Middle Asia Reasons Why Lease Finance Is Not Well Developed In Middle Asia 1. Lease charges are generally prohibitive that is the cost

How quickly could something like this be done? And how confidential is this? Has any student ever been caught using this service?

Spot transaction hedge/Money market hedge There are three parts to this question. Please answer all parts. The Chicken Company, a company with headquarters in Switzerland, has a r

Standard ratio analysis should be used to supplement the discussion of strength and weakness. The following ratios are most often used by practitioners: (a) Growth Rates: PEG R

Stewardship Accounting Shareholders contribute capital that is provided to the directors that they employ and at the end of each accounting year render an explanation on the a

A current radio advertisement states that the average American household has an average credit card debt of $25,000. Based on an APR (Annual Percentage Rate) of 18% (common for cre