The following cost information relates to factory for two years. Work out the profit under absorption costing

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The following cost information relates to factory for two years. 

Work out the profit under absorption costing and marginal costing for the two years. Also state any abnormality in the results disclosed by absorption costing. Assume FIFO basis.

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Related Book For  answer-question

Cost Accounting

ISBN: 9780070221628

4th Edition

Authors: Jawahar Lal, Seema Srivastava

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