17.
following particulars for the year ending:
AB manufacturing company with normal capacity of 35,000 units provides the
2075
2076
Production units
30,000
40,000
Sales units
35,000
32,000
Variable manufacturing cost per unit
Rs.5
Fixed manufacturing cost per unit
Fixed selling and administrative cost
Rs.2
Variable selling and administrative cost per unit
Rs.2
Rs.40,000
Selling price per unit
Rs.15
Required:
i) Income statement for both years under internal and external reporting system
ii) Reconciliation statement

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