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A product has the following costs:
$ Per Unit
Variable production costs 9.60
Total production costs 15.00
Total variable cost 11.80
Total cost 20.00
22,800 units of the product were manufactured in a period during which 22,400 units were sold.
Question 1: Construct a statement showing the profit using absorption costing and marginal costing
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you have been asked to give a presentation to junior staff members on the objectives of financial reporting and the
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