Solution-Difference in profit between variable and

Difference in profit between variable and absorption costing

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Reference no: EM132849028

Question - ABC Ltd makes widgets. It has no opening inventory and the closing inventory is 500 units. The budgeted and actual fixed manufacturing costs are $1,000 and the budgeted and actual production is 2,000 units.

The variable manufacturing cost was $2 per unit and the selling price was $8 per unit. Sales commissions of 4.5% of sales revenue are paid to sales people.

Other non-manufacturing fixed costs total $500.

What is the difference in profit between variable and absorption costing?

Reference no: EM132849028

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Difference in profit between variable and absorption costing

Reference no: EM132849028

Reference no: EM132849028

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