Question

6. ABC Motors assembles and sells Motor Vehicles at 24,000 per Vehicle. It uses an actual costing system, in
which unit costs are calculated on a monthly basis. Data relating to March and April months of a year are:
March
Particulars
Unit data : Beginning Inventory
Production
Sales
April
150
0
500
400
520
350
10,000
3,000
*10.000
3,000
Variable Cost Data:
Manufacturing Costs per unit produced
Distribution Costs per unit sold
Fixed Cost Data:
Manufacturing Costs
Marketing Costs
20,00,000
* 6,00,000
* 20,00,000
6,00,000
a.
Present Income Statements for ABC Motors in March and April under - (a) Variable Costing, (b) Absorption
Costing.
b. Explain the differences between (a) and (b) for March and April​

Answer 1

Answer:

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