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
Types of jobbers in Stock Market There are three kinds of jobbers as: a) Bulls A jobber buys shares while prices are down and hold them in anticipation such t

Objectives of Business Entity The Main objectives of a business entity are clarified in detail below. Any business firm would have specific objectives that it aims at achievin

The information in the table below is available for a large fund-raising project. a. Determine the critical path and the expected completion time of the project. b. Plot the

Bird-in-hand Theory Advanced via John Leitner in year 1962 and furthered with Myron Gordon in year 1963. Argues such shareholders are risk averse and prefer specific. Dividend

Plastic Money or Credit Card Finance This is finance of a kind whereby a company will make arrangements for the use of the services of credit card organizations via the purcha

ollowing a personal introduction, and before you begin gathering information about the clients’ existing financial situation or needs, there are certain disclosures you are require

Define the direct finance and indirect finance in markets. In direct finance, borrower-spenders borrow funds directly by lenders into the financial markets through selling them

Your client, a man, is currently 35 years old and he wants to retire when he is 65 years old (exactly 30 years from now). He would like his retirement income to be equivalent to

Advantages and Disadvantage of Profitability Index Advantages of profitability index a) Simple to understand and utilize. b) The part of NPV in the venture will show t

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