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Discuss the pros and cons of absorption costing

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Reference no: EM132655067

Problem 1: Read about the company's products and operations. discuss the pros and cons of absorption and variable costing as the basis for product costing if the firm uses-cost based pricing.

The following costs were incurred by Osaka metals company maintain the quality of its products. (the yen id the national currency of japan)

  1. operating an x-ray machine to detect faulty welds, 110,000 yen
  2. repairs of products sold last year, 116,000 yen 
  3. cost of rewelding faulty joints, 17,000 yen 
  4. cost of sending machine operators to a three week training program so they could learn to use new production equitment with a lower defect rate, 18100 yen

Reference no: EM132655067

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