Answer to Question #243107 in Economics for nadiiny

Question

Question 2

Infotech Bhd produces 20,000 units and sell 18,000 units oF microchips in a period. There are no opening inventory in the period. The total cost of production is RM20 each made up of a variable cost per unit of RM15 and fixed cost per unit of RM5. The selling price per unit of microchip is RM35.

Required: What will be the difference in profit calculated using absorption and variable costing principle?

Question 3

Bestgoods Bhd had an opening inventory of 13,200 units and aclosing stock 28,200 units in a period. The variable costing income reported was RM100800 and the reported income underabsorption costing was RM120,300.

Required: Based on information, determine the fixed overheads absorption rate per unit.

Question 4

ABC Bhd estimates to produce 40,000 units of Product X and the standard production

overheads for the next month is estimated to be RM80,000. What is the overheads absorption rate based on the standard number of units to be produced?

Answer 1

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