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I got a question where there is only marginal profit, absorption profit, opening stock, closing stock and fixed cost. How can I work out the units?
For the first question did they give the stocks in values or units? Was there any absorption rate.?
Hi Apologies for the delay in response…Im sorry to hear you have not been successful with CIMA P1 so far.
In terms of forum rules – Im afraid this is for tutor-questions only -thanks for your help Chap – please advise on posts on the student section if thats ok. ?
Secondly, Inekela, if you can start a new thread for each new subject then this allows others to benefit from the forum questions in future too ?Chap is definitely going along the right lines – youd need an absorption rate or a way to calculate one in order to find units. That or a cost per unit. If youd like to share the question & post the answer – I can explain where it has come from?
Make sure you watch all of our CIMA P1 videos as well as the approved publisher materials – the broader coverage of the syllabus you can get – the better!!
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