From the following data prepare statements of cost according to both absorption costing and marginal costing...
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From the following data prepare statements of cost according to both absorption costing and marginal costing systems: Sales Direct Material Direct Labour Factory Overheads : Fixed Variable Administration Overheads: Fixed Selling Overheads : Fixed Variable Product A Rs. 30.000 12,000 - 8,000 6,000 2,000 1.000 2.000 1,000 Product B Rs. 60.000 25.000 10,000 8,000 3.000 2,000 2.000 3,000 Product C Rs. 80.000 36,000 14.000 6.000 5,000 2.000 3.000 3.000 From the following data prepare statements of cost according to both absorption costing and marginal costing systems: Sales Direct Material Direct Labour Factory Overheads : Fixed Variable Administration Overheads: Fixed Selling Overheads : Fixed Variable Product A Rs. 30.000 12,000 - 8,000 6,000 2,000 1.000 2.000 1,000 Product B Rs. 60.000 25.000 10,000 8,000 3.000 2,000 2.000 3,000 Product C Rs. 80.000 36,000 14.000 6.000 5,000 2.000 3.000 3.000
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To prepare statements of cost according to both absorption costing and marginal costing systems we need to calculate the cost components for each prod... View the full answer
Related Book For
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118856994
4th Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
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