Solution-Determine cost per unit using marginal costing

Determine cost per unit using marginal costing

Assignment Help Cost Accounting

Reference no: EM132620452

The following information was extracted from the book of Happy Ltd for the year ended 31/12/2001

Output 100000 units

Production costs

Direct labour cost Shs 5 Million

Direct material cost Shs 2 million

Variable overheads Shs 2 million

Fixed overheads Shs 4 million

Units sold 90,000

Selling price per unit Shs 100.00

Assume closing stocks at the end of the previous period were nil.

Required:

Problem 1: Using both absorption and marginal costing determine

i. Cost per unit

ii. Prepare the income statement

Reference no: EM132620452

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Determine cost per unit using marginal costing

Reference no: EM132620452

Reference no: EM132620452

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