Check out some similar questions!
Break even absorption costing
[ 2 Answers ]
I am having a fit trying to figure the breakeven point for absorption costing. The question I have is Cost of product is $1.35. Variable costs are $1.05 per unit, fixed production costs are $90,000 per month at a level of 400,000 units. Fixed administrative costs total 30,000. Sales average...
Calculating profit using absorption costing
[ 3 Answers ]
Here is the question I am having trouble with: When opening stock were 8500 litres and closing stock 6750 litres, a company had a profit of $60,100 using marginal costing. Assuming that the fixed overhead absorption rate was three dollars per litre, what would be the profit using absorption...
Absorption costing
[ 2 Answers ]
I can't figure out how to come up with the right answer. Could you please help? The Collins Corporation just started business in January of 2004. They had no beginning inventories. During 2004 they manufactured 12,000 units of product, and sold 10,000 units. The selling price of each unit was...
Absorption/direct costing
[ 1 Answers ]
Which of the following is a true statement regarding absorption and/or direct costing? A) A firm can choose to use either absorption or direct costing for income tax purposes. B) A firm can choose to use either absorption or direct costing for financial reporting... View more questions Search
Add your answer here.
|