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Question 4
1. The following information was extracted from the ledgers of Billy Company for its products for the year ended 31 December 2002:
$
Sales (100,000 units) 500,000
Direct materials 100,000
Direct wages 70,000
Fixed production overheads 110,000
Variable production overheads 20,000
Administration expenses (60% fixed, 40% variable) 80,000
Selling expenses (60% fixed, 40% variable) 130,000
Required:
(a)Prepare the Profit and Loss Statement by using Absorption Cost method.
(b)Prepare the Profit and Loss Statement by using Marginal Cost method.

A.
(b)Prepare
B.
【参考答案】

(a) Profit and Loss Statement by using Absorption Cost metho......

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