Hi! :) Question about Marginal costing in Management accounting, we have information for January and

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Hi! πŸ™‚ Question about Marginal costing in Management accounting, we have information for January and

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Hi! πŸ™‚ Question about Marginal costing in Management accounting, we have information for January and
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February:

January

Number of devices sold 2,130

Number of devices produced 3,500

Total variable manufacturing cost $31,550

Total fixed manufacturing cost $31,550

Total (variable) selling and distribution cost $42,300

Total (fixed) administration cost $12,335

February:

Number of devices sold 2820

Number of devices produced 1450

Total variable manufacturing cost $17,220

Total fixed manufacturing cost $31,550

Total (variable) selling and distribution cost $46,880

Total (fixed) administration cost $17,220

The sales price of the device is $22 per unit

And I need to prepare income statement for that month using marginal costing.I asked yesterday for same task only in absorption costing because I got the results but I would like to check If it is correct as this is extremely important to me and now I want to double check marginal cost too . Thank you. πŸ™‚

Marginal Costing Income StatementJanuaryFebruaryUnits Sales21302820Sales ($22 per unit)46,860.00S62,040.00Less: Variable Costs:Manufacturing costs*19,200.43S29,569.57Selling and…



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