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11.1 A chemical process has a normal wastage of 10% of input. In a period, 2,500 kgs of material were input and there was an abnormal loss of 75 kgs.What quantity of good production was achieved?
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9.9 Absorption costing is concerned with of the following ?
9.8 Which of the following are acceptable bases for absorbing production overheads ? (i) Direct labour hous (ii) Machine hous (iii) As a percentage of the prime cost (iv) per unit
9.2 The overhead absorption rate for product T is $4 per machine hour. Each unit of requires 3 machine hours. Inventories of product T last period were: UnitsOpening inventory 2,400Closing inventory 2,700Compared with the marginal costing profit for the period, the absorption costing profit for product T will be:
9.1 The following data is available for period 9. Opening inventory 10,000 units Closing inventory 8,000 units Absorption costing profit $280,000 The profit for period 9 using marginal costing would be :
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