Mathematics · Cost Accounting
The overhead absorption rate for product T is $4 per machine hour. Each unit of T requires 3 machine hours. Inventories of product T last period were: Opening Inventory = 2,400 units, Closing Inventory = 2,700 units. Compared with the marginal costing profit for the period, the absorption costing profit for product T will be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$3,600 lower
- 2$1,200 lower
- 3$3,600 higher✓
- 4$1,200 higher
Correct answer
$3,600 higher
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