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has no 4.80 2.00 1:20 QUESTION 1 At the start of period one Tommy , opening inventories. Tommy sells his product for £1a por

a) Prepare profit statements using marginal Casting b) Prepare profit statements using absorption Costing c) Explain why the

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at Profit Statement Under Marginal Costing. Pd 1 pd 2 (€) (€) () (£) The 21,600 Sales Revenue de 14,400 € 5,760 € 8,640 3,60052 Peofit Statë ment Under Abloception Costing : Pd 1 (3 pd 2 (€) (€ ) 21,600 8,640 3,600 2,400 2,160 Sales Revenue 14,400 coPd1 pd 2 workings Direct Materials I 200 X 4.80 = 5,760 1800 X 4.80 8,640 Direct Labor 1200 X d = 2,400 1800 X 2 = 3,600 Vari

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