Homework assignment 4: TsingThao BV In Tutorial Library

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TITLE: Homework assignment 4: TsingThao BV

CLASS / COURSE: Management Accounting

QUESTION DESCRIPTION:

TsingThao BV produces luxury headphones. It uses a standard costing system, in which unit costs are calculated on a monthly basis. Its normal (expected) production is 1,000 units per month. The selling price per unit is Dkr 2500.
 
Data relating to January, February and March of 2008 are:
 
January February March
Unit data
Opening stock 0 300 300
Production 1000 800 1250
Sales 700 800 1500
Variable costs per unit Dkr 1500 Dkr 1500 Dkr 1500
Fixed costs Dkr 540,000 Dkr 540,000 Dkr 540,000
 
Required:
 
\1. (a) Present income statements for TsingThao BV for January, February and March using the variable costing method.
(b) Present income statements for TsingThao BV for January, February and March using the absorption costing method.
2. Explain any differences between (a) and (b) for January, February and March. Show calculations!

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SUBJECTS / CATEGORIES:
1. Finance
2. Financial Management
3. Accounting

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