• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

kit question

Forums › FIA Forums › MA2 Managing Costs and Finance Forums › kit question

  • This topic has 3 replies, 2 voices, and was last updated 8 years ago by Ken Garrett.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • November 1, 2016 at 7:19 pm #347018
    rasel9045
    Member
    • Topics: 19
    • Replies: 17
    • ☆

    A company had total revenue of $169000 in a period from the sale of 6,500 units of its single product.There was no finished goods inventory at the beginning of the period and 200 units were in inventory at the end of the period.Production costs in the period were:Variable costs $93130,fixed costs $41540….Fixed costs are absorbed on an actual basis using units produced.What was the gross profit in the period?..please do the math for me.

    November 2, 2016 at 8:24 pm #347139
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10583
    • ☆☆☆☆☆

    Does the kit answer not explain the answer?

    November 3, 2016 at 3:04 pm #347227
    rasel9045
    Member
    • Topics: 19
    • Replies: 17
    • ☆

    No.That’s why asked you.It did the math only.But did not explain how?

    November 4, 2016 at 3:23 pm #347421
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10583
    • ☆☆☆☆☆

    6,700 units made (6,500 + 200)

    TAC per unit = (93,130 + 41,540)/6,700 = 20.1

    Cost of sales = 20.1 x 6,500 = 130,650

    GP = 169,000 – 130,650 = 38,350

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • effy.sithole@gmail.com on IASB Conceptual Framework – Introduction – ACCA Financial Reporting (FR)
  • kyubatuu on MA Chapter 6 Questions Inventory Control
  • hhys on PM Chapter 14 Questions More variance analysis
  • azubair on Time Series Analysis – ACCA Management Accounting (MA)
  • bizuayehuy on Interest rate risk management (1) Part 1 – ACCA (AFM) lectures

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in