Question

From the following particulars, prepare cost statements under:
(a) Absorption costing and
(b) Marginal costing.
No. of units produced: 20,000
Cost per unit:
Rs.
Material
10
Productive labour
6
Factory overheads
4 (50% fixed)
Administration Expenses
3 (60% fixed)
Selling overheads
2 (100% variable
on units sold)
No. of units sold: 19,000
Selling Price: Rs. 40 per unit.​

Answer 1

Answer:

Accounting or Accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.

Organizations in this sector: Institute of Chartered Accountants in England and Wales