From the following data, prepare statements of cost according to both absorption costing as well as marginal costing methods Normal volume of production 1,950 units month Sale price per unit Rs 8 Variable cost per unit Rs 4 Fixed cost per unit Rs 2 Selling and distribution costs have been omitted T...

The Answer is in the image, click to view ...

From the following data, prepare statements of cost according to both absorption costing as well as marginal-

Question:

From the following data, prepare statements of cost according to both absorption costing as well as marginal-

costing methods:

image text in transcribed

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

See More Books

Question Posted: Jun 16, 2024 04:19 AM

See More Questions

What role does culture play in shaping societal formations and dynamics, as shared beliefs, practices, and cultural artifacts mediate social relations and collective experiences within a given...
From the following data, prepare statements of cost according to both absorption costing as well as marginal-costing techniques: Rs. Sales 6,000 Direct material 2,400 Direct labour 1,600 Factory...
hello, need help with a accounting quiz I have attached: 1) quiz 2)pdf files CH. 18- CH 21 Chapter 18 \"Managerial Accounting Concepts/Job Costing\" from Accounting Principles: A Business...
lim 2sin 71-00 2019 n n+1 + cos 2019 n n+1 is equal to (Answer should be integer)
Governments dislike the fact that offshore financial centers facilitate money laundering. Do you think that electronic commerce makes it easier or harder to launder money and camouflage other illegal...
Recreational Production, Inc., produces a sealant for wood decks. The following data are available for the month of April: Percentage : Units Complete Costs (LO 3,4, 6) Begining Wl LANEINUOMNVE...
Determine the necessity of transformational leadership. (p. 56)
The blade divides the jet of water having a diameter of 3 in. If one-fourth of the water flows downward while the other three-fourths flows upwards, and the total flow is Q = 0.5 ft3/s, determine the...
Which of the following are NOT examples of derivatives? Stock options. Interest-only strips. Debt instruments backed by pools of mortgages. Repurchase agreements.
X Ltd. commenced production on 1 January 2010. During the fi rst three months ending on 31 March 2010, the company produced 10,000 units, selling 8,000 units out of these at the rate of Rs. 10 per...
Referring to the PDQ Case Study, what project management approach or approaches would you use for each of the subsystems? Defend your choice. LO2
6. LO.6, 7 While auditing a client, you notice its current tax expense does not equal the tax liability that is reflected on the clients tax return for the year. Provide at least two possible...
a ) If F ( x ) = upper limit x and lower limit 8 dt , the F \' ( x ) = ? b ) If F ( x ) = upper limit 1 1 and lower limit x dt , the F \' ( x ) = ? c ) If F ( x ) = upper limit x ^ 6 and lower limit...
Please help me with this one can you do for me 1. the research on quantum dots. Find a resource that you think does the best job of explaining this. and provide short description of what you've...
During Year 1, Ashkar Company ordered a machine on January 1 at an invoice price of $28,000. On the date of delivery, January 2, the company paid $9,000 on the machine, with the balance on credit at...
An airplane has to travel a round trip Manila to Singapore and back (1485 mi apart) in a total time of 7 hours and 10 minutes. The plane from manila to Singapore is flying with a headwind of 70 mph...
Flexible Budget. At normal capacity, Boulder Products Corp. manufactures 10,000 trail bikes. At that level, unit variable costs for the Assembly Department are: Direct...
Jack Fuller estimates that the break-even point for EM5, a standard electrical motor, is 500 motors. For any motor that is not sold, there is an opportunity loss of $15. The average sales have been...
A company produces earbuds. The revenue from the sale of x units of these earbuds is R = 8x. The cost to produce x units of earbuds is C = 3x + 1500. In what interval will the company at least break...
A company is evaluating a new 4-year project. The equipment necessary for the project will cost $3,300,000 and can be sold for $650,000 at the end of the project. The asset is in the 5-year MACRS...
You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company...
I need to see where the calculations for this problem come from plz. 5. Award: 4.00 points Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement...

From the following data, prepare statements of cost according to both absorption costing as well as marginal-

Question:

Normal volume of production : 1,950 units/month Sale price per unit : Rs. 8 Variable cost per unit: Rs. 4 Fixed cost per unit : Rs. 2 Selling and distribution costs have been omitted. The opening stock: 450 units and the closing stock is 150 units.

Step by Step Answer:

Cost Accounting

Students also viewed these Business questions