Doll Furniture gives you the following information for the year ending December 2020. Production 20,000 units Sales
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Question:
Doll Furniture gives you the following information for the year ending December 2020. | |
Production | 20,000 units |
Sales | 18,000 units |
There is no opening stock of goods | |
Direct material per unit | OMR 2 |
Variable factory overheads | OMR 80,000 |
Fixed factory overheads | OMR 40,000 |
Variable selling overheads per unit | OMR 0.400 |
Fixed selling overheads | OMR 9,000 |
Selling price per unit | OMR 12 |
Find the value of closing stock under absorption costing method:
a OMR 13,000
b OMR 16,000
c OMR 14,000
d OMR 15,000
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
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