X Ltd. commenced production on 1 January 2010. During the fi rst three months ending on 31

Question:

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 unit.

The total costs were as follows:

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Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

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X Ltd. commenced production on 1 January 2010. During the fi rst three months ending on 31

Question:

Rs. Materials 30,000 Labour 40,000 Variable production overheads: 15,000 Fixed production overheads 10,000 Administration & selling expenses 7,500 Ascertain the profit under absorption costing and marginal-costing systems.

Step by Step Answer:

Cost Accounting

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