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

Question

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

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 resus 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. 🙂

Marginal Costing Income Statement
January
February
Units Sales
2130
2820
Sales ($22 per unit)
46,860.00
S
62,040.00
Less: Variable Costs:
Manufacturing costs*
19,200.43
S
29,569.57
Selling and…
Managerial Accounting