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MAC2601 Assignment 3 Semester 2 MEMO | Due 14 September 2026. All questions fully answered. QUESTION 1 (24 MARKS)(a) Prepare the actual income statement (Statement of Profit or Loss) for the
year ended 31 December 2025 according to the following:
i) Absorption costing method
ii) Direct costing method
(15)
(6)
(b) Reconcile the differences between the net profits calculated in (a) above.
MAC2601 Assignment 3 Semester 2 MEMO | Due 14 September 2026. All questions fully answered. QUESTION 1 (24 MARKS)(a) Prepare the actual income statement (Statement of Profit or Loss) for the
year ended 31 December 2025 according to the following:
i) Absorption costing method
ii) Direct costing method
(15)
(6)
(b) Reconcile the differences between the net profits calculated in (a) above.
MAC2601 Assignment 3 Semester 2 MEMO | Due 14 September 2026. All questions fully answered. QUESTION 1 (24 MARKS)(a) Prepare the actual income statement (Statement of Profit or Loss) for the
year ended 31 December 2025 according to the following:
i) Absorption costing method
ii) Direct costing method
(15)
(6)
(b) Reconcile the differences between the net profits calculated in (a) above.
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