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Selected data for Babar Ltd of past year of operations are presented below Product X Production [ in units ] 2500 Sales [ in units
Selected data for Babar Ltd of past year of operations are presented below Product X Production [ in units ] 2500 Sales [ in units ] 2000 Selling price $20.00 Manufacturing cost Raw Materials [$] $ 8000 Salaries of direct labour[$] $ 8400 Variable overhead $ 2400 Fixed overhead $ 4000 Non manufacturing cost Variable selling $ 8000 Fixed selling cost $ 3500 Ending Inventory $ 740 5. Calculate cost of goods for the year using absorption method 6. Find the net income using absorption method
Selected data for Babar Ltd of past year of operations are presented below
Product X
Production [ in units ]
2500
Sales [ in units ]
2000
Selling price
$20.00
Manufacturing cost
Raw Materials [$]
$ 8000
Salaries of direct labour[$]
$ 8400
Variable overhead
$ 2400
Fixed overhead
$ 4000
Non manufacturing cost
Variable selling
$ 8000
Fixed selling cost
$ 3500
Ending Inventory
$ 740
5. Calculate cost of goods for the year using absorption method 6. Find the net income using absorption method
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Managerial Accounting Creating Value in a Dynamic Business Environment
Authors: Ronald W. Hilton
9th edition
78110912, 978-0078110917
