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The following data relates to a company for the month of

Question: The following data relates to a company for the month of January. Construct statements for the period using both marginal costing and absorption costing to show the figures of profit:

Sales 2,000 units

Production 2,500 units

Sales price £5.00 per unit

Variable production costs £3.00 per unit

Fixed production costs for the period £2,500

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Accounting Basics: The following data relates to a company for the month of

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