Assignment Task:
Task:
Additional Information
1. Swipes 50 Ltd. production capacity 20,000 units per month.
2. Fixed production overheads are €28,600 per month.
3. Swipe 50 sells Plus Swipes at €22 each.
4. On 31 January, the company's warehouse has no Plus Swipes in inventory.
5. Fixed and variable elements (variable portion is incurred based on units sold) are included in the total Administration expenses.
Assignment Instructions
Please create a report for 50 swipes limited and please include the following in your report.
1. Prepare profit statement for Swipe50Limited for the month of February and March using:
a. Absorption costing
b. Variable costing
2. Reconcile the profit calculated using absorption costing to that using variable costing.
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