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P1 formula advice

Forums › CIMA Forums › P1 formula advice

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by Rana Amr.
Viewing 2 posts - 1 through 2 (of 2 total)
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    Posts
  • September 30, 2016 at 2:47 pm #342130
    zulf005
    Participant
    • Topics: 4
    • Replies: 5
    • ☆

    Hi, please can you help me with this query.

    Regarding the below formula, I thought MC don’t include fixed overheads? In that case why are we adding it to opening inventory?

    AC Profit
    add: fixed overhead in opening inventory
    less: fixed overhead in closing inventory
    MC profit

    October 17, 2016 at 9:55 am #344099
    Rana Amr
    Member
    • Topics: 0
    • Replies: 2
    • ☆

    When ur closing Inventory > Opening Inventory then Ur AcP is greater then McP when ur Opening Inventory > Closing inventory then ur MCP is Greater then AcP

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