Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company had an opening inventory of 48,500 units and closing inventory of 4500 units.profits based on marginal costing were RMB 315250 and absorption costing

A company had an opening inventory of 48,500 units and closing inventory of 4500 units.profits based on marginal costing were RMB 315250 and absorption costing were RM 288150 what is the fixed overheadabsorption rate per units?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To calculate the fixed overhead absorption rate per unit we can use the absorption costing profit fi... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management and Cost Accounting

Authors: Colin Drury

8th edition

978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887

More Books

Students also viewed these Accounting questions

Question

Demonstrate knowledge of the company/organization and the position.

Answered: 1 week ago