快速查题-ACCA英国注册会计师试题

A company makes and sells a single product. At the beginning of Period 1, there are no opening inventories of the product, for which the variable production cost is $4 and the sales price $6 per unit. 

There are no variable selling costs. Fixed costs are $2,000 per period, of which $1,500 are fixed production costs. Normal output is 1,500 units per period. In Period 1, sales were 1,200 units, production was 1,500 units. In Period 2, sales were 1,700 units, production was 1,400 units. 

Required 

Prepare profit statements for each period and for the two periods in total using both absorption costing and marginal costing. 

RH makes and sells one product, which has the following standard production cost.  

                                                                                                                                 $ 

Direct labour                              3 hours at $6 per hour                                  18 

Direct materials                         4 kilograms at $7 per kg                              28 

Variable production overhead                                                                             3 

Fixed production overhead                                                                                20 

Standard production cost per unit                                                                    69 

Normal output is 16,000 units per annum. Variable selling, distribution and administration costs are 20% of sales value. Fixed selling, distribution and administration costs are $180,000 per annum. There are no units in finished goods inventory at 1 October 20X2. The fixed overhead expenditure is spread evenly throughout the year. The selling price per unit is $140. Production and sales budgets are as follows.  

                                                                                  Six months ending                             Six months ending  

                                                                                       31 March 20X3                              30 September 20X3

Production                                                                             8,500                                                   7,000 

Sales                                                                                      7,000                                                    8,000 

Solo makes and sells a single product. The following data relate to Periods 1 to 3.  

                                                                                                               $ 

Variable cost per unit                                                                       30 

Selling price per unit                                                                        55 

Fixed costs per period                                                                6,000 

Normal activity is 500 units and there were no opening inventories at the start of Period 1. The marginal costing operating statement for Periods 1 to 3 is shown below. 

Marginal costing operating statement 

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