Question

0
Asia Biscuit Ltd. has a normal capacity of 6,000 tonnes and the fixed annual overheads are Rs. 24,000.
During the year, it manufactured only 5,500 tonnes at a variable cost consisting of material and labour
@ Rs. 6 and Rs. 4 per tonne. At the end of the year, it had 1,800 tonnes of inventory. Find out the value
of inventory as per AS-2.
What would be your answer if actual production is 8,000 tonnes.​

Answer 1

Answer:

Explanation:

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