Absorption costing and marginal costing, accounting, Basic Statistics

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

Posted Date: 3/22/2012 4:51:08 AM | Location : United States







Related Discussions:- Absorption costing and marginal costing, accounting, Assignment Help, Ask Question on Absorption costing and marginal costing, accounting, Get Answer, Expert's Help, Absorption costing and marginal costing, accounting Discussions

Write discussion on Absorption costing and marginal costing, accounting
Your posts are moderated
Related Questions

Define why Equipment show up on a profit and loss statement? The buy of devices that will be used in a business is not revealed on the revenue and reduction declaration. Howeve

Buildings solutions Permanent arrangements owned or held by the state. The cost of buildings includes both acquisition costs (historical cost, ancillary costs, and, for proprieta

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

What would be the cutoff score to indicate a score that is in the top 15% of the scores on a test with a mean of 100 and a standard deviation of 15?

discuss the considerations to be born in mind when constracting index numbers

independent partial samplintg

#qa national poll of 1836 respondents indicated that 36% support the NDP. Test whether this is sufficient evidence to show that the NDP support has increased since the election. Us

Hi there, I am designing a research study for my undergrad in Online Relationship. I am having some trouble with my professor accepting my proposed research model and survey questi

What is the net book value of a noncurrent asset? The net publication value of a noncurrent resource is the net quantity revealed on the stability piece for a long-term resourc