P1 formula advice

This topic has 1 reply, 2 voices, and was last updated 9 years ago by Rana Amr.

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September 30, 2016 at 2:47 pm #342130
zulf005
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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
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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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