Following data relate to xyz limited Normal capacity 40000 unit’s per month Variable cost @ 10 per unit Actual production 44000 units Sales – Nil Fixed manufacturing overhead OMR 100000/month or OMR 2.500 per unit at normal capacity. Other fixed expenses OMR 8000 You are required to prepare income statement under 1. Absorption Costing 2. Marginal Costing

Following data relate to xyz limited Normal capacity 40000 unit’s per month Variable cost @ 10 per unit Actual production 44000 units Sales – Nil Fixed manufacturing overhead OMR 100000/month or OMR 2.500 per unit at normal capacity. Other fixed expenses OMR 8000 You are required to prepare income statement under 1. Absorption Costing 2. Marginal Costing

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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