Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

on Time left 1:4 Purple World manufactures and sells a single product. The following information is available for the period ended March 2021. Budgeted costs

image text in transcribed

on Time left 1:4 Purple World manufactures and sells a single product. The following information is available for the period ended March 2021. Budgeted costs at normal activity of 25,000 units N$ Prime cost 375,000 Variable production overheads 25,000 Fixed production overheads 150,000 Variable selling and administration overhead 50,000 Fixed selling and administration overhead 100,000 During the period, Purple World produced 30,000 units and sold 24 000 units at N$35 per unit. At the beginning of the period 4 000 units were inventory, which were valued at the budgeted costs shown above Actual costs incurred were as budgeted Required: Calculate the total period cost under absorption costing NB: You are not required to enter the unit or currency symbol. Enter numerical answer with no spaces. For example: 1000 here to search

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_2

Step: 3

blur-text-image_3

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

Internal Quality Systems Auditing

Authors: Paul F. Lewis

1st Edition

1570744076, 978-1570744075

More Books

Students also viewed these Accounting questions