Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please solve in microsoft words Question 3 Telecom Company has appointed a new management accountant. Company was struggling to maintain the profit The board of

image text in transcribed
please solve in microsoft words
Question 3 Telecom Company has appointed a new management accountant. Company was struggling to maintain the profit The board of director of a Telecom Company were expecting that the manager would improve the profit. The company produces and sells one type of mobile phone. Company is expecting to produce 3500 units in the month of August. The following data is available: Selling price OMR 90 Variable cost OMR 50 Fixed production overhead is budgeted to be OMR 50,000. Selling cost is OMR 30,000 Actual Production and sales for the month of August was as below: Production (Units) 3600 Sales (Units) 3200 Required a) Prepare a statement for both the periods using (0) Absorption costing (ii) Marginal costing 4 Marks b) Critically evaluate why there is a difference between the profits using different accounting techniques. 3 Marks c) Explain the argument in favour Marginal costing, 3 Marks

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

Accounting for Non-Accounting Students

Authors: John R. Dyson

8th Edition

273722972, 978-0273722977

More Books

Students also viewed these Accounting questions