Calculate Variable costing and Full Costing for the three years data following? Basic Data Selling price per
Question:
Calculate Variable costing and Full Costing for the three years data following?
Basic Data
Selling price per unit sold……………………………………………………Rs. 25
Variable Manufacturing cost per unit produced………………………………Rs10
Fixed Manufacturing cost Per Year…………………………………….Rs.300,000
Variable selling and admin exp. Per unit sold…………………………………Rs.1
Fixed selling and admin exp. Per Year………………………………….Rs.200,000
Year 1 Year 2 Year 3
Units in Beginning inventory…………………………….. 0 0 ?
Units in ending Inventory………………………………… 0 ? 0
Units produced use your arid no last four digits and multiply by 10 for year 1, units produced for year 2 use your arid no last four digits 1.25 times and multiply by 10 and for year 3 units produced use your arid no last four digits 0.75 times and multiply by 10.
Units sold for year all three year use your arid no last four digits and multiply by 10.
Cornerstones of Financial and Managerial Accounting
ISBN: 978-0324787351
1st Edition
Authors: Rich Jones, Mowen, Hansen, Heitger