Intermediate A firm had opening stocks and purchases totalling 12400 kg and closing stocks of 9600 kg.
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Intermediate A firm had opening stocks and purchases totalling 12400 kg and closing stocks of 9600 kg. Profits using marginal costing were £76456 and using absorption costing were £61 056.
What was the fixed overhead absorption rate per kilogram (to the nearest penny)?
A £1.60 B £5.50 C £6.17 D £6.36
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