Question 7 The cost data relating to units of production for the year ending 31st December 2020 are as follows: Material (for 10,000 units actually produced) Subcontracted Labour (for 10,000 units actually produced) Production overheads £10,000 £20,000 £50,000 There are 1,000 units of inventory unsold at the year end. Production was half the normal activity level. Compute the inventories figure shown in the Statement of Financial Position as at 31st December 2020.

Question 7 The cost data relating to units of production for the year ending 31st December 2020 are as follows: Material (for 10,000 units actually produced) Subcontracted Labour (for 10,000 units actually produced) Production overheads £10,000 £20,000 £50,000 There are 1,000 units of inventory unsold at the year end. Production was half the normal activity level. Compute the inventories figure shown in the Statement of Financial Position as at 31st December 2020.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 2CMA

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