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Forums › FIA Forums › MA2 Managing Costs and Finance Forums › kit question
A business has opening stocks of 3,200 units and closing stocks of 4,000 units. Profits for the period under absorption costing are £48,700 and under marginal costing £45,660. What is the fixed overhead absorption rate per unit (to the nearest penny)?
A £0.76
B £3.80
C £11.41
D £12.17
What does the kit say?
THE KIT SAYS
A business has opening stocks of 3,200 units and closing stocks of 4,000 units. Profits for the period under absorption costing are £48,700 and under marginal costing £45,660. What is the fixed overhead absorption rate per unit (to the nearest penny)?
A £0.76
B £3.80
C £11.41
D £12.17
Do it.