Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company has established a marginal costing profit of 85,000,000 KHR. Opening inventory was 400 units and closing inventory was 850 units. The fixed production

A company has established a marginal costing profit of 85,000,000 KHR. Opening inventory was 400 units and closing inventory was 850 units. The fixed production overhead absorption rate has been calculated as 8,000 KHR per unit. What was the profit under absorption costing?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Auditing At The Speed Of Risk With An Agile Continuous Audit Plan

Authors: Norman Marks

1st Edition

B09PMBSWSC, 979-8787044393

More Books

Students also viewed these Accounting questions

Question

5. Describe how contexts affect listening

Answered: 1 week ago