In a period, opening stocks were 12 600 units and closing stocks 14 100 units. The profit
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In a period, opening stocks were 12 600 units and closing stocks 14 100 units. The profit based on marginal costing was £50 400 and profit using absorption costing was £60 150. The fixed overhead absorption rate per unit (to the nearest penny) is:
(a) £4.00
(b) £4.27
(c) £4.77
(d) £6.50
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