Production and sales for Period 3 was as follows:
Period 3
Units
Sales 550
Production 450
The opening inventory in Period 3 was 100 units. Calculate the profit for Period 3 based on absorption costing principles.
Production and sales for Period 2 was as follows:
Period 2
Units
Sales 400
Production 500
There was no opening inventory in Period 2. Calculate the profit for Period 2 based on absorption costing principles.
【论述题】
Production and sales for Period 1 were as follows:
Period 1
units
Sales 500
Production 500
Calculate the profit for period 1 based on absorption costing principles.
Prepare profit statements for each of the six-monthly periods, using the following methods of costing.
Absorption costing
【论述题】
Prepare profit statements for each of the six-monthly periods, using the following methods of costing.
Marginal costing
【论述题】
Prepare profit statements for each period and for the two periods in total using both absorption costing and marginal costing.
Actual overheads cost $170,000 and 40,000 machine hours were worked.
Actual overheads cost $180,000 and 40,000 machine hours were worked.
Which TWO of the following terms are associated with criminal law rather than civil law?
(1) Punishment
(2) Public law
(3) Compensation
(4) Claimant
Which type of law is concerned with the function and operation of local authorities?