Question
Uche Ltd produces a single product and the following are the accounting data; Opening stock 20.000 units Production 30,000 units Closing stock 4,000 units The
Uche Ltd produces a single product and the following are the accounting data;
Opening stock 20.000 units
Production 30,000 units
Closing stock 4,000 units
The variable production cost per unit is 8 and the fixed production cost is
120,000. The sales revenue is 720,000. Net profit is 88,000 based on full absorption costing. What is the profit based on marginal costing?
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0470534788, 978-0470534786
