Cost of production for 10,000 units: ₹1,60,000 Opening stock of finished goods (1,000 units): ₹18,000 Closing stock of finished goods (FIFO): ₹2,000 units Selling and distribution overheads: ₹2 per unit sold Profit mark-
CS Executive · Cost and Management Accounting · PYQS · June 2016
Cost of production for 10,000 units: ₹1,60,000 Opening stock of finished goods (1,000 units): ₹18,000 Closing stock of finished goods (FIFO): ₹2,000 units Selling and distribution overheads: ₹2 per unit sold Profit mark-up on selling price: 20% The amount of profit will be —
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Marginal Costing
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