Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ABC co. manufactures, 10,000 pens per month. It incurs a direct cost of Rs. 10 per pen and has a fixed cost of Rs. 25,000

ABC co. manufactures, 10,000 pens per month. It incurs a direct cost of Rs. 10 per pen and has a fixed cost of Rs. 25,000 per month. It sells 8,000 pens in a month and has 2,000 pens in inventory. If the company treats fixed costs as period costs, its closing inventory value will be

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

IT Auditing Using Controls To Protect Information Assets

Authors: Chris Davis, Mike Schiller, Kevin Wheeler

3rd Edition

1260453227, 978-1260453225

More Books

Students also viewed these Accounting questions

Question

3. Where is the job to be accomplished?

Answered: 1 week ago