Stock, production and sales data for Industrial Detergents Ltd. are given below: The company has a single
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Stock, production and sales data for Industrial Detergents Ltd. are given below:
The company has a single product, for which the financial data, based on an activity level of 60,000 litres per period, are as follows:
Administrative overheads are fixed at Rs. 1,00,000 per period and half of the production overheads are fixed. From the above information prepare operating statements on marginal and absorption costing principles.
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Marginal Variable Costing Operating Statement Period 1 Sales 60000 liters x Rs 1800 Rs 1080000 Variable Cost Direct Material 60000 liters x Rs 250 Rs ...View the full answer
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