Question
When profits as per cost accounts differ from financial
accounts, the difference may be due to:Solution
Major cause is over/under absorption of overheads and items recorded only in financial accounts (e.g., interest, income tax).
How much soda should be mixed with 20 kg of sugar cost Rs.30/kg so that a gain of 20% can be made after selling the mixture at Rs.24/kg?
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(141.95 – 112.06) × (45.21 – 38.99) = ?
