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What is the difference in profit using Marginal Costing

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Reference no: EM132622554

Question - A business has just completed its first year of trading. The following information has been collected from the accounting record.

Tk.

Variable cost per unit

Manufacturing 60.00

Selling and admin 20.00

Fixed costs

Manufacturing 90,000

Selling and Admin 22,500

Production was 75,000 units and sales were 70,000 units. The selling price was Tk. 80 per unit throughout the year.

Required - What is the difference in profit using Marginal Costing for inventory valuation, rather than Absorption Costing?

Reference no: EM132622554

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