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Business

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You are furnished with the following data :
production :5500
sales:5000 units at sh 1.00 per unit
Manufacturing cost:
fixed:2200
variable: sh 2.00 per unit
selling and distribution cost : sh 1400 of which 400 is variable
REQUIRED
Prepare
I) Income statement under absorption costing
ii) Income statement under marginal costing

Answer :

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