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
I need help with : an introduction to financial markets and institutions , 2 edition , brown, nesiba, burton

Which of the following is true with regards to rising interest rates. A. Use long-term loans to take advantage of current low rates. B. The term of the loan is ot impacted by risin

For any company that is quoted on the London Stock Market, you are required to write a report to existing shareholders on any TWO of the following issues. Each answer carries equal

Supersoftware, Inc. earns a total of $200 million each year to pay out to their 20 million shareholders. They are in a very competitive business and have found it a struggle to com

Define the term Placement - Methods of Floating New Issues Under this method, issue houses or brokers purchase the securities outright with the intention of placing them wi

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

Setting a Reorder Point - ROP  Once the order quantity has been determined, the next question to be settled is when to place the order. If an order is released and it takes th

Holding Company Such holds more than a half of the equity share capital of other company or is a member and or controls a big percentage of Directors of the Board of one or mo

Stock Market Index Definition of Stock Market Index An index is a numerical figure that measures relative change in variables between two type of durations. Examples

Suppose the current yield curve is as follows: (a) Calculate the current market prices of two bonds with the following annual cash flows: Bond A: A coupon of $60 is due