The following cost information relates to factory for two years. Work out the profit under absorption costing
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The following cost information relates to factory for two years.
Work out the profit under absorption costing and marginal costing for the two years. Also state any abnormality in the results disclosed by absorption costing. Assume FIFO basis.
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To calculate the profit under absorption costing and marginal costing for the two years we need to compute the cost of goods sold COGS using these two ...View the full answer
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