Question
What is the value of per unit of inventory if the firm
uses absorption costing? Direct material cost per unit = Rs.3 Direct Labour cost per unit = Rs.4 Variable overheads are absorbed as 50% of direct labour cost Fixed production overheads = Rs.120,000 Budgeted production = 20,000 unitsSolution
Absorption costing valuation of inventory = fixed cost + variable cost Here, variable cost = direct material + direct labour + variable O/H = 3 + 4 + (50% of 4) = 9 Fixed cost per unit = (Fixed production overheads/ Budgeted production) = (120000/ 20000) = 6 Â Therefore, value of inventory as per absorption costing = 9 + 6 = Rs.15 per unit
Which of the following Indian firm has announces the acquisition of GigIndia?
Which country will host the Women’s Hockey Asia Cup in September 2025?
The Prime Minister has dedicated the first AIIMS in the North East, built at a cost of_______, to the nation that l will provide healthcare not only to ...
Five-day World Sangeet Tansen Festival is started in __________.
Recently Air India seals world's largest aircraft deal at $70 bn with which two international aircraft maker companies?
In the Speedtest Global Index by Ookla, what is India's rank in terms of internet speed as of August 2023, having moved up 72 places?
- Which state recorded the highest retail inflation in March 2025 according to NSO data?
Recently a workshop “Greening India through Renewables” was held at which of the following places?
In cricket, who is the men’s ICC Player of the Month for November?
According to the ILO’s "World Employment and Social Outlook: September 2024," which factor is cited as a major cause of declining labor income globall...
