Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate Variable costing and Full Costing for the three years data following? 4 Marks Basic Dat a Selling price per unit soldRs. 25 Variable Manufacturing

Calculate Variable costing and Full Costing for the three years data following? 4 Marks

Basic Data

Selling price per unit soldRs. 25

Variable Manufacturing cost per unit producedRs10

Fixed Manufacturing cost Per Year.Rs.300,000

Variable selling and admin exp. Per unit soldRs.1

Fixed selling and admin exp. Per Year.Rs.200,000

Year 1 Year 2 Year 3

Units in Beginning inventory.. 0 0 ?

Units in ending Inventory 0 ? 0

Units produced use your arid no last four digits and multiply by 10 for year 1, units produced for year 2 use your arid no last four digits 1.25 times and multiply by 10 and for year 3 units produced use your arid no last four digits 0.75 times and multiply by 10.

Units sold for year all three year use your arid no last four digits and multiply by 10.

image text in transcribed
Arid number 4046
Q4) Calculate Variable costing and Full Costing for the three years data following? 4 Marks Basic Data Selling price per unit sold........ ..Rs. 25 Variable Manufacturing cost per unit produced...... Rs10 Fixed Manufacturing cost Per Year.......... .Rs.300,000 Variable selling and admin exp. Per unit sold....... .Rs.1 Fixed selling and admin exp. Per Year... ..Rs.200,000 Year 1 Year 2 Year 3 Units in Beginning inventory........ 0 0 ? Units in ending Inventory..... 0 ? 0 Units produced use your arid no last four digits and multiply by 10 for year 1, units produced for year 2 use your arid no last four digits 1.25 times and multiply by 10 and for year 3 units produced use your arid no last four digits 0.75 times and multiply by 10. Units sold for year all three year use your arid no last four digits and multiply by 10. (5): ABC Ltd makes three products and reviewing the profitability of its product line. You are given following budgeted data about firm for coming Year

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

Fundamental Managerial Accounting Concepts

Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old

7th edition

978-0077632427, 77632427, 78025656, 978-0078025655

More Books

Students also viewed these Accounting questions