[tommy1989]

Hi everyone, I have no idea how to start new thread so i join here.
? an income statement for March 2019 based on marginal costing principles.
? an income statement for March 2019 based on absorption costing principles.
The following information is available for February 2019
.
Fixed production overheads for the period were £210,000.
Fixed administration overheads were £54,000.
Product X Product Y
Production (units) 5,000 3,500
Sales (units) 4,600 3,200
Opening stock (units) 0 0
Financial data for Product X Product Y
Unit selling price £ 180.00 £ 150.00
Unit cost:
Direct materials £ 30.00 £ 24.00
Direct labour £ 36.00 £ 24.00
Variable production overheads £ 24.00 £ 16.00
Variable selling overheads £ 2.00 £ 2.00

Anyone would help with this exercise? :))

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