Absorption costing and marginal costing, accounting, Basic Statistics

Absorption costing and marginal costing, accounting, Basic Statistics

Assignment Help:

2. From the following cost, production and sales data of Decors Motor Ltd., prepare comparative income statement for three years under (i) absorption costing method, and (ii) marginal costing method. Indicate the unit cost for each year under each method. Also evaluate the closing stock. The company produces a single article for sale.
Particulars Year
2008 2009 2010
Selling Price per unit 20 20 20
Variable manufacturing cost per unit 10 10 10
Total fixed manufacturing cost 5000 5000 5000
Opening Stock (Units) - - 500
Units Produced 1000 1500 2000
Units Sold 1000 1000 1500
Closing Stock (Units) - 500 1000

Related Discussions:- Absorption costing and marginal costing, accounting

Upper boundaries, 1-100,101-200

1-100,101-200

Benefits of the study of accounting, reasons for studying accounting

reasons for studying accounting

Accounts, types of netwoths

types of netwoths

Square root, (39.75-(39)/2/(sqrt+25))

(39.75-(39)/2/(sqrt+25))

Financial accounting, when the closing inventory is understated, the profit...

when the closing inventory is understated, the profit for the period will

Probability combination, From 5 engineering , 6 education .and 8 accountanc...

From 5 engineering , 6 education .and 8 accountancy students, a 5 member committee is to be formed .if at least 1 from each course is in the committee.

Marginal costing , HOW DO U CALCULATE VARIABLE SELLING AND ADMINISTRATIVE ...

HOW DO U CALCULATE VARIABLE SELLING AND ADMINISTRATIVE EXPENSES IF GIVEN MARKETING COSTS ADVERTSING P6000 PER MONTH SALES PERSONNEL SALARIES AND COMMISSION R 80000 PER MONTH PLUS

Time series, mathametical examples of components

mathametical examples of components

Ch 7 , .A study of long term phone calls made from general electricss corpo...

.A study of long term phone calls made from general electricss corporate headquarters in fairfeild, conneticuit, revealed the length of the calls, in minutes follows the normal pro

Post-retirement health insurance, Post-retirement health insurance Some...

Post-retirement health insurance Some companies continue to provide insurance policy to workers after they have on. This one person benefit is considered to be part of the sett

Write Your Message!

Name

Email id

Message

Verfication Code

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd