AbsVarCost_LucasBenni_Sol

000 1500 pairs r200 per pair variable costing income

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Unformatted text preview: sing inventory: R 300 000 / 1500 pairs = R200 per pair Variable Costing Income Statement: f. R Sales Less Variable Cost of Goods Sold: Opening Inventory [(4500 – 4300) x (R50 + R60 + R20)] Plus Cost of Goods Manufactured (1500 x R130) Less Closing Inventory (100 x R130) Less Variable Sales & Admin. Expenses (1600 x R10) Contribution Margin Less Fixed Expenses: Fixed Manufacturing Overheads Fixed Sales & Admin. Expenses Net Income (Loss) Compiled by Colin C Smith 2013 R R 560 000 26 000 195 000 (13 000) Reconciliation (Loss) per Variable Costing Income Statement Plus Fixed Man. O/Heads in Opening Inventory Less fixed Man. O/Heads deferred in Closing Inventory (Loss) per Absorption Costing Income Statement 208 000 16 000 336 000 300 000 100 000 400 000 (64 000) Compiled by Colin C Smith 2013 R R 560 000 (64 000) (24 000) 20 000 (68 000)...
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