Direct Material = £4 per unit
Direct Labour = £2 per unit
Variable Overhead = £1 per unit
Total Fixed overheads = £10,000
Number of units produced = 2,500 units

Under variable costing the variable cost per unit is:

(Learning Objective 1 Ch 6)

Consider the following data:

Direct Material = £4 per unit
Direct Labour = £2 per unit
Variable Overhead = £1 per unit
Total Fixed overheads = £10,000
Number of units produced = 2,500 units

Under variable costing the absorption cost per unit is

(Learning Objective 1 Ch 6)

Which one of the following items will not affect the reconciliation of profit calculated under the Absorption or Variable Costing methods

Learning Objective 3 Ch 6)

Which of the following is not an advantage of Variable Costing

(Learning Objective 5 Ch 6)

One of the following is not an advantage of Absorption Costing

JIT has the following affect on the reconciliation of profit calculated under the Absorption or Variable Costing methods

(Learning Objective 6 Ch 6)

Under Absorption Costing accounting, when stock increases profits will be

<i>(Learning Objective 2/4 Ch 6)<i>

Under Variable Costing accounting, when stocks decrease profits will be

(Learning Objective 2/4 Ch 6)

When opening stock is the same as closing stock

(Learning Objective 2/4 Ch 6)