Seiko manufacture is expected
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Seiko Manufacturers is expected to commence business on 01 July 2020,
making smart watches. The budgeted figures for July 2020 (Question 1) and August 2020 (Question 2) are provided below. You are expected to assist Seiko Manufacturers in its planning phase by undertaking CVP analysis and preparing an income statement using absorption costing
Information The following information was extracted from the budget of Seiko Manufacturers for the month ended 31 July 2020.
Estimated production and sales - 3 000 units
Selling price per watch-R900
Explanation:
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