[.Ali]

In above question
equivalent units produce in October
Start to end (110000-40000)=70000
(Plus) Bf unit (20000*0.5) =10000
(Plus) cf unit (40000*0.5)=20000
Total equivalent unit. = 100,000

solution of above question in Kaplan kit I don’t understand why they just take 20,000 unit complete when they are 50% complete

[.Ali]

I will rewatch it
But I always find difficult to solve that type of question of variance topic I don’t understand which cost is included and which one excluded

[.Ali]

If actual profit is given instead of standard profit in above question. Does total cost variance include?

[.Ali]

In my exam there is question I can’t understand
Company using absorption costing
Selling price 9999
Variable price 6666
Fixed price 2222
Ask to find contribution

Selling price -variable price=contribution
But in absorption costing we deduct fixed cost as well
So do we deduct fixed or note?

[Author]

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