marginal and absorption costing, Cost Accounting

on june 2005 20 units of the product in stock the following is extracted from the companys books
direct material-200 per unit,direct labour 150 per unit, variable production overhead -50 per unit,
fixed production overhead 75 per unit selling price per unit is 950 during june 2005 the compny produced 300 units and 250 units were sold normal production level is 250 units what is the profit results for june 2005 using the marginal costing method

Related Discussions:- marginal and absorption costing

Cash flow statements, The balance sheet and income statement for Bingle Ltd...

The balance sheet and income statement for Bingle Ltd is presented to you as follows: Balance Sheet Extract as at 30 June 2012 with comparatives

Cost - terms used in cost accounting, Cost - Terms Used in Cost Accounting ...

Cost - Terms Used in Cost Accounting It measures the economic sacrifice created to achieve an organizations aims. For a product, cost represents the monetary measurement of re

Assumptions of break even analysis, ASSUMPTIONS OF BREAK EVEN ANALYSIS ...

ASSUMPTIONS OF BREAK EVEN ANALYSIS 1. Fixed costs for all time remain constant. 2. All costs are divided into fixed and variable costs. 3. Selling price will not alter de

Direct material usage variance, Direct Material Usage Variance Refers ...

Direct Material Usage Variance Refers to the difference among the actual quantity utilized and the standard quantity particular for the actual production, all valued at the st

Compute the industry volume variance for each product, The next year's budg...

The next year's budget for Benny, Inc., is given below: Product 1 & 2 Sales $945,000 & 688500 Variable costs 459,900 & 297,000 Fixed costs 300

Assignment of variance in variance calculation, Assignment of Variance in V...

Assignment of Variance in Variance Calculation In variances calculating, the calculations require to be detailed sufficient hence the responsibility for the variance can be a

Calculate the receivable turnover ratio, Presented here is the basic financ...

Presented here is the basic financial information from the 2009 annual reports of Intel and Advanced Micro Devces (AMD), the two primary manufacturers of silicon chips for personal

prepare a simple balance sheet, Assume that Banc One receives a primary de...

Assume that Banc One receives a primary deposit of $1 million. The bank must keep reserves of 20 percent against its deposits. Prepare a simple balance sheet of assets and liabilit

Accounting records - nature and purpose of cost accounting, Accounting Reco...

Accounting Records - Nature and Purpose of Cost Accounting The quantitative information employed in the management and cost accounting systems can be obtained from with two ac

Depreciation (to be computed), Judy's mother, Sarah, died on July 2, 2006, ...

Judy's mother, Sarah, died on July 2, 2006, leaving Judy her entire estate. Included in the estate was Sarah's residence (325 Oak Street, Cincinnati, OH 45211). Sarah's basis in th

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages