Please help me with this accounting question!! Many Thanks?

josieyuen04

New Member
Dick has prepared a production & sales forecast for the next 2 months, assuming no opening stock at the start of month 1.<br />
<br />
Month 1<br />
Production = 2500 units; Sales = 2300; Overheads = $90000<br />
<br />
Month 2<br />
Production = 1700 units; Sales = 1800; Overheads = $60000<br />
<br />
Sales Price = $90/unit<br />
Material Price = $16/hour<br />
Labour Price = $5/hour<br />
Labour Content = 4 hours/unit<br />
Production Cost = $3/hour<br />
<br />
a) Prepare Dick's profit/loss account for months 1 & 2 using marginal and absorption costing principles.<br />
b) Reconcile the marginal and costing results at (a) above. <br />
<br />
You can send the answer to my email address at<br />
[email protected].<br />
Ps As long as you leave a note to say you've sent me the answer, you will get points if i choose your answer as my best answer. Thanks!!<br />
 
Top