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The following cost details relate to one unit of product Zen. (£) Variable materials Variable labour Variable production overheads Fixed production overhead Variable selling overhead Fixed selling overhead Total cost 20.40 18.20 3.60 25.88 15.58 7.56 91.22 In a marginal costing system, what would the value of a closing inventory of 5,000 units of product Zen be? a)  £288,900 b)  £211,000 c)  £193,000 d)  £456,100

The following cost details relate to one unit of product Zen. (£) Variable materials Variable labour Variable production overheads Fixed production overhead Variable selling overhead Fixed selling overhead Total cost 20.40 18.20 3.60 25.88 15.58 7.56 91.22 In a marginal costing system, what would the value of a closing inventory of 5,000 units of product Zen be? a)  £288,900 b)  £211,000 c)  £193,000 d)  £456,100

FINANCIAL ACCOUNTING
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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The following cost details relate to one unit of product Zen. (£)

Variable materials
Variable labour
Variable production overheads Fixed production overhead Variable selling overhead Fixed selling overhead
Total cost

20.40 18.20 3.60 25.88 15.58 7.56 91.22

In a marginal costing system, what would the value of a closing inventory of 5,000 units of product Zen be?

  1. a)  £288,900

  2. b)  £211,000

  3. c)  £193,000

  4. d)  £456,100

The following cost details relate to one unit of product Zen. (오) Variable materials 20.40 Variable labour Variable production overheads Fixed production overhead Variable selling overhead Fixed selling overhead Total cost 18.20 3.60 25.88 15.58 7.56 91.22 In a marginal costing system, what would the value of a closing inventory of 5,000 units of product Zen be? a) b) c) d) £288,900 £211,000 £193,000 £456,100
Transcribed Image Text:The following cost details relate to one unit of product Zen. (오) Variable materials 20.40 Variable labour Variable production overheads Fixed production overhead Variable selling overhead Fixed selling overhead Total cost 18.20 3.60 25.88 15.58 7.56 91.22 In a marginal costing system, what would the value of a closing inventory of 5,000 units of product Zen be? a) b) c) d) £288,900 £211,000 £193,000 £456,100
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