Accounting and finance for managers , accounting, Basic Statistics

Assignment Help:
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 Prduced 1000 1500 2000
Units Sold 1000 1000 1500
Closing Stock (Units) - 500 1000

Related Discussions:- Accounting and finance for managers , accounting

Graph, Difference between Historigrams and Histogram

Difference between Historigrams and Histogram

Stability Criterion, Stability Criterion A survey of periodic table caref...

Stability Criterion A survey of periodic table carefully reveals that those elements in which N / Z = 1 or 1.6 are stable. Amongst these, the elements having even N and even Z ar

Identify interaction between estimators and jobs, Q1.(i) The logistics depa...

Q1.(i) The logistics department of a large firm employs three "estimators" whose job it is to decide the likely cost of delivering their products to their customers.  This enables

Bill of exchange, Who can issue a bill of exchange for what purpose? Onl...

Who can issue a bill of exchange for what purpose? Only a supplier who has to get the cash from his client for the purchase which was done on credit score platform can increase

Binomial expansion, what is the largest coefficient of (1+3x)^4 is ?

what is the largest coefficient of (1+3x)^4 is ?

Computing, compute and interpret sample covariance for the data

compute and interpret sample covariance for the data

Probability, Mike sells on the average 15 newspapers per week (Monday – Fri...

Mike sells on the average 15 newspapers per week (Monday – Friday). Find the probability that 2.1 In a given week he will sell all the newspapers

Find out revised probabilities for symptoms, This problem set consists of t...

This problem set consists of three problems and a short essay.  Each problem is worth 7 points, the essay is worth 4 points for a total of 25 points. 1.  What are the chances th

Ogive, When we use upper or lower class boundaries during calculation of og...

When we use upper or lower class boundaries during calculation of ogive graph?

Average Speed in Various Cases, Define Average Speed in Various Cases (a) ...

Define Average Speed in Various Cases (a) Particles covering different distances in different times say a particle covers s1 distance in time t1 ,s2 in time t2, s3 in time t3 and

Write Your Message!

Captcha
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!

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