absorption and marginal costing, Cost Accounting

absorption and marginal costing, Cost Accounting

Assignment Help:

company XY produces a single product ''XY1" selling price per unit 15, direct materials per unit 4 direct labour per unit 3 variable overhead per unit 2 fixed overhead incurred 12,000 per month budgeted production and sales were 5000 units actual production was 4800 units but sales were just 4700 units assuming that the sales price and variable costs per unit were as budgeted and that fixed overhead expenditure was the same as budgeted show the amoutn of profit that would be reported using absorption costing and marginal costing

Related Discussions:- absorption and marginal costing

Accounting, What are the basic characteristics of a relevant cost? Why are ...

What are the basic characteristics of a relevant cost? Why are future costs not always relevant? Are all relevant costs found in accounting records?

Visual fit method of cost estimation, Visual Fit Method of Cost Estimation ...

Visual Fit Method of Cost Estimation Cost estimation is based on past data regarding the dependent variable and the cost driver. The previous data on cost levels and the outpu

Prepare the franking account, XYZ Pvt Ltd is a private company incorporated...

XYZ Pvt Ltd is a private company incorporated in Australia, and manufactures handbags. The opening balance of XYZ Pvt Ltd's franking account on 1 July 2010 was $nil. During the 201

Activity Based Costing, How do I figure the estimated activity and estimate...

How do I figure the estimated activity and estimated allocation base?

Cvp and computer applications, CVP and Computer Applications The broad...

CVP and Computer Applications The broad availability of personal computers encourages more managers to apply cost volume profit analysis. Computers can quickly create the comp

Direct material, Flying High Company manufactures model airplanes. During t...

Flying High Company manufactures model airplanes. During the month, it manufactured 10,000 airplanes. Each one used an average of 6.5 direct labor hours and an average of 1.5 sheet

Optimise manufacturing cost, Optimise Manufacturing Cost Of late it is...

Optimise Manufacturing Cost Of late it is perceived that in order to optimise manufacturing cost, a product might be designed and financed in one country; its material /compon

Internal users of accounting information, Describe the ways in which the ne...

Describe the ways in which the needs of internal and external users of accounting information are the same and different.

What are the dimensions of the box with the minimum cost, A manufacturing c...

A manufacturing company wants to package its product in a rectangular box with a square base and a volume of 32 cubic inches. The cost of the material used for the top is $.05 squa

Types of standard costs, Types of Standard Costs The standard cost set...

Types of Standard Costs The standard cost set could be ideal, basic, attainable or current. i. Basic Standards: These are long term standards that would keep unchanged ov

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