A company which uses marginal costing has a profit of 37500 for a period. Opening inventory was
Question:
A company which uses marginal costing has a profit of £37500 for a period.
Opening inventory was 100 units and closing inventory was 350 units.
The fixed production overhead absorption rate is £4 per unit.
What is the profit under absorption costing?
(a) £35700
(b) £36500
(c) £38500
(d) £39300
(2 marks)
ACCA Financial Information for Management
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