A company has recently adopted throughput accounting as a performance measuring tool. Its results for the last
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A company has recently adopted throughput accounting as a performance measuring tool. Its results for the last month are shown below. Units produced 1,150 Units sold 800 Materials purchased 900 kg costing $13,000 Opening material inventory used 450 kg costing $7,250 Labour costs $6,900 Overheads $4,650 Sales price $35 There was no opening inventory of finished goods or closing inventory of materials. What is the throughput accounting ratio for this product?
Related Book For
Introduction To Management Accounting
ISBN: 9780273737551
1st Edition
Authors: Alnoor Bhimani, Charles T. Horngren, Gary L. Sundem, William O. Stratton, Jeff Schatzberg
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