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Construct statements for the period using marginal costing

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Question: The following data relates to a company for the month of January. Construct statements for the period using both marginal costing and absorption costing to show the figures of profit:

Sales                                                             2,000 units

Production                                                      2,500 units

Sales price                                                      £5.00 per unit

Variable production costs                                   £3.00 per unit

Fixed production costs for the period                    £2,500

Reference no: EM131627048

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