Question: Calculate Variable costing and Full Costing for the three years data following? Basic Data Selling price per unit soldRs. 25 Variable Manufacturing cost per unit

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.

Step by Step Solution

★★★★★

3.33 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Assume the last 4 digits of Arid No as 3966 Variable cost per unit Manufacturing Variable Manufacturing Cost Rs 10 Variable selling and administrative ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

The income statements for Graul Corporation for the three years ending in 2009 appear below: During 2009, Graul discovered that the 2007 ending inventory had been misstated due to the following two...

The income statements for Picard Company for the three years ending in 2009 appear below: During 2009, Picard discovered that the 2007 ending inventory had been misstated due to the following two...

The income statements for Graul Corporation for the three years ending in 2011 appear below. During 2011, Graul discovered that the 2009 ending inventory had been misstated due to the following two...

Water in nature exist in different phases like solid, liquid and vapor (gas). Indicate the relative magnitude of density and specific volume for the three phases.

Three metal rods are located relative to each other as shown in Figure P17.71, where L1 + L2 = L3. The speed of sound in a rod is given by v = Y/P where P is the density and Y is Youngs modulus for...

A manufacturer is considering replacing a production machine tool. The new machine, costing $3700, would have a life of 4 years and no salvage value , but would save the firm $500 per year in direct...

Julian Manufacturing, Inc., wishes to determine the profitability of its products and asks the cost accountant to make a comparative analysis of sales, cost of sales, and distribution costs of each...

Albert Chan decided to buy an old duplex as an investment. After looking for several months, he found a desirable duplex that could be bought for $93,000 cash. He decided that he would rent both...

Claude James, a salesman, needs a new car for use in his business. He expects to be promoted to a supervisory job at the end of 3 years, and so his concern now is to have a car for the 3 years he...

(Various Time Value Situations) Using the appropriate interest table, provide the solution to each of the following four questions by computing the unknowns. (a) What is the amount of the payments...

Prove that the matrix of the permutation inverse is the transpose of the matrix of the permutation P-1 = PT, for any permutation .

In the ledger you would use J1, J2, J3 etc. for the post reference number showing which journal and page number you got the information. Then you go back to the journal and fill in the account number...

Organitations can be evaluated on two basic dimemions when regard to social responsibility - legality and responsibility. True False

Q3) Write MatLab code to select random matrrix of order 3x3 and find its solution by Matrixinverse(10) Q4) Why these commands are used in Matlab1. subplot (m, n, p)2. text (x,y,'text')3. zeros(m,n)4....

Use MATLAB command filter and filtic to determine the first 50 values of the output of the systems described by the following difference equations with input and initial conditions as specified: a....

Construct a semantic tableau to establish the validity of the following: ((pvq) r)^(s(t^u)) ^ (sap) (r^t)

(a) Find the area under the curve y = f(x) = sin x from x = 0 to x = 5 by using the upper sums Un. make a partition of the interval [0, ] into n equal sub-intervals and then take If you need, you may...

6 kip/ft 10ft Determine the internal normal force, shear force, and moment in the cantilever beam at point B. Select one: . 28.8kip b. 20kip . 32kip d. 27kip

For snipers, long-range hunters, and competition shooters, temperature influences external ballistics, affecting trajectory, particularly for shots over 500 yards. When it's hot, air density...

Calculate Variable costing and Full Costing for the three years data following? 4 Marks Basic Dat a Selling price per unit soldRs. 25 Variable Manufacturing cost per unit producedRs10 Fixed...

Chapter 4Exercises 5, 8, 12, 17, and18 Problem 12 172 iStockphoto Variable Costing In 2012, the all-tube amplifier p r o d u ce d b y C l a u s e n Tu b e r e ce i ve d rave reviews and the company...

Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawaiian celebrations, costume parties, and other functions. During its first year of business, the...

Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawailan celebrations, costume parties, and other functions. During its first year of business, the...

Dance Creations manufactures authentic Hawailan hula skirts that are purchased for traditional Hawaiian celebrations, costume parties, and other functions. During its first year of business, the...

Check my work 1 Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawaiian celebrations, costume parties, and other functions. During its first year of...