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What unit product cost for each year under both absorption

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Reference no: EM132507776

Question 1) What's the unit product cost for each year under both absorption and variable costing.

Question 2) What's profit or loss for each year, using the contribution approach with variable costing.

Question 3) Reconcile the variable costing and absorption costing operating profit figures for each year.

Question 4) Why, under absorption costing, the operating profit for Year 2 was higher than for Year 1, although the same number of units was sold in each year.

Question 5) How operations would have been different if NI Ltd had adopted a Just in Time inventory method.

Attachment:- inventory cash.zip

Reference no: EM132507776

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