Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(a) show the profit situation at May 2019 using marginal costing technique(b) show the profit at May 2019 using absorption costing technique (c) show the

(a) show the profit situation at May 2019 using marginal costing technique(b) show the profit at May 2019 using absorption costing technique (c) show the profit reconciliation

image text in transcribed

Google... A French... LOUT UCC - UCC ONLINE FAQS Kaheed... Mid Se... Untitled MS ADDITIONAL RESOURCES Ricardo B Time left 2:02:0 Real Vybes Ltd. has a budgeted capacity of 20,000 units. The following information relates to cost, production, sales and stocks for the period in question. The company sells one unit of its product for $600: Cost per unit Details $ Direct materials 130 Direct labour 90 Variable overheads 30 250 Fixed costs Total costs 60 310 Details Production May 2019 23,000 units Sales Opening stocks 21,000 units 7,000 units Closing stocks 9,000 units

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

Advanced Accounting

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

11th Edition

978-0132568968, 9780132568968

More Books

Students also viewed these Accounting questions

Question

Find an equation of the given line. Slope is -2; x-intercept is -2

Answered: 1 week ago

Question

What is a CDO squared? How about a CDO cubed? AppendixLO1

Answered: 1 week ago