Intermediate. MN plc uses a JIT system and backflush accounting. It does not use a raw material
Question:
Intermediate. MN plc uses a JIT system and backflush accounting. It does not use a raw material stock control account.
During April 1000 units were produced and sold. The standard cost per unit is £100: this includes materials of £45. During April £60000 of conversion costs were incurred.
The debit balance on the cost of goods sold account for April was:
(a) £90000
(b) £95000
(c) £105000
(d) £110000
(e) £11500 (2 marks)
CIMA Management Accounting - Decision Making
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Gauri Hendre
I worked as EI educator for Eduphy India YT channel. I gave online tutorials to the students who were living in the villages and wanted to study much more and were preparing for NEET, TET. I gave tutions for topics in Biotechnology. I am currently working as a tutor on course hero for the biochemistry, microbiology, biology, cell biology, genetics subjects. I worked as a project intern in BAIF where did analysis on diseases mainly genetic disorders in the bovine. I worked as a trainee in serum institute of India and Vasantdada sugar institute. I am working as a writer on Quora partner program from 2019. I writing on the topics on social health issues including current COVID-19 pandemic, different concepts in science discipline. I learned foreign languages such as german and french upto A1 level. I attended different conferences in the science discipline and did trainings in cognitive skills and personality development skills from Lila Poonawalla foundation. I have been the member of Lila poonawalla foundation since 2017. Even I acquired the skills like Excel spreadsheet, MS Office, MS Powerpoint and Data entry.
4+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
