Calculate Variable costing and Full Costing for the three years data following?    Basic Data Selling price per unit sold……………………………………………………Rs. 25 Variable Manufacturing cost per unit produced………………………………Rs10 Fixed Manufacturing cost Per Year…………………………………….Rs.300,000 Variable selling and admin exp. Per unit sold…………………………………Rs.1 Fixed selling and admin exp. Per Year………………………………….Rs.200,000                                                                                          Year 1                   Year 2                      Year 3 Units in Beginning inventory……………………………..      0                           0                                ? Units in ending Inventory…………………………………            0                          ?                              0   Units produced 3946 multiply by 10 for year 1, units produced for year 2 is 3946 is 1.25 times and multiply by 10 and for year 3 units produced 3946 is  0.75 times and multiply by 10.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Calculate Variable costing and Full Costing for the three years data following?   

Basic Data

Selling price per unit sold……………………………………………………Rs. 25

Variable Manufacturing cost per unit produced………………………………Rs10

Fixed Manufacturing cost Per Year…………………………………….Rs.300,000

Variable selling and admin exp. Per unit sold…………………………………Rs.1

Fixed selling and admin exp. Per Year………………………………….Rs.200,000

 

                                                                                       Year 1                   Year 2                      Year 3

Units in Beginning inventory……………………………..      0                           0                                ?

Units in ending Inventory…………………………………            0                          ?                              0  

Units produced 3946 multiply by 10 for year 1, units produced for year 2 is 3946 is 1.25 times and multiply by 10 and for year 3 units produced 3946 is  0.75 times and multiply by 10.

Units sold for year all three year 3946 multiply by 10. 

 

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