Question
From the details given, prepare an income statement and find out the amount of profit under Absorption costing method. Direct materials OMR 7,500, Direct wages
From the details given, prepare an income statement and find out the amount of profit under Absorption costing method. Direct materials OMR 7,500, Direct wages OMR 8,000, factory overheads OMR 2,750(Fixed), selling overheads OMR 1,500(variable) and sales OMR 30,000
a.
OMR 11,600
b.
OMR 79,600
c.
OMR 10,250
d.
OMR 14,600
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Advanced Financial Accounting
Authors: Richard E. Baker, Valdean C. Lembke, Thomas E. King
3rd Edition
0070054142, 978-0070054141
