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AC and MC

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › AC and MC

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by John Moffat.
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    Posts
  • August 29, 2021 at 4:49 pm #633400
    ahmedsameerkhan
    Participant
    • Topics: 5
    • Replies: 3
    • ☆

    Q. Information relating to a product is as follows:

    Production 30,000 units
    Sales price $40/Unit
    Direct material $10/unit
    Direct labour $8/unit variable production overheads $4/unit
    Variable sales overheads $3/unit.

    Fixed Costs are:
    Production overheads $60,000
    Selling Cost $25,000
    Administrative expenses $20,000.

    There is no opening stock for finished goods.
    Assume that budgeted total fixed costs are equal to actual total fixed costs.
    Calculate Profit under absorption costing and marginal costing if the actual result s are:
    Production 31,000 units
    Sales 25,000 units.

    August 29, 2021 at 8:40 pm #633428
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • ☆☆☆☆☆

    Please do not simply type out a full question and expect to be provided with a full answer.

    You must have an answer in the same book in which you found the question, and so ask about whatever it is in the answer that you are not clear about and then I will explain.

    (I would also suggest that you watch my free lectures on absorption and marginal costing, because this is actually an easy question and is similar to the example that I work through in my lecture. The lectures are a complete free course for Paper MA and cover everything needed to be able to pass the exam well.)

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