5.The following data refer to the company "PLASTICS PRODUCTS S.A.", which produces a single product which is sold for € 24 per unit. Of the 200,000 units produced in 20X3, 160,000 were sold during the financial year. It is noted that the company had no initial stocks of finished and semi-finished products on 1/1/20X3 as well as final stocks of semi-finished products on 31/12/20X3. Below are some additional information regarding the cost of the business during the financial year 20X3.Cost elementValueImmediate materials€480.000Instant work€320.000Variable G.B.E.€160.000Stable G.B.E.€480.000Variable sales expenses€160.000Fixed sales expenses€ 256.000Calculate the cost of production per unit of output according to marginal and absorbent costing.Calculate the cost of the inventory that will be presented in the Balance Sheet of 31/12/20X3 according to the marginal and absorbent costing.Calculate the operating result of the fiscal year 20X3 according to the marginal and absorbent costing..

Name: 5.The following data refer to the company "PLASTICS PRODUCTS S.A.", wh
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Description: 5.The following data refer to the company "PLASTICS PRODUCTS S.A.", which produces a single product which is sold for € 24 per unit. Of the 200,000 units produced in 20X3, 160,000 were sold during the financial year. It is noted that the company had

Using Marginal costing and absorbent costing calculate the cost of production per unit in 2…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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5.The following data refer to the company "PLASTICS PRODUCTS S.A.", which produces a single product which is sold for € 24 per unit. Of the 200,000 units produced in 20X3, 160,000 were sold during the financial year. It is noted that the company had no initial stocks of finished and semi-finished products on 1/1/20X3 as well as final stocks of semi-finished products on 31/12/20X3. Below are some additional information regarding the cost of the business during the financial year 20X3.

Cost element	Value
Immediate materials	€480.000
Instant work	€320.000
Variable G.B.E.	€160.000
Stable G.B.E.	€480.000
Variable sales expenses	€160.000
Fixed sales expenses	€ 256.000

Calculate the cost of production per unit of output according to marginal and absorbent costing.
Calculate the cost of the inventory that will be presented in the Balance Sheet of 31/12/20X3 according to the marginal and absorbent costing.
Calculate the operating result of the fiscal year 20X3 according to the marginal and absorbent costing..

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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