Mathematics · Cost Accounting and Business Math
When opening inventories were 8,500 litres and closing inventories were 7,100 litres, William Co had a profit of $61,000 using marginal costing. If the fixed overhead absorption rate was $4 per litre, what was the profit using absorption costing?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1$51,100
- 2$56,500
- 3$55,400✓
- 4$61,000
Correct answer
$55,400
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Cost Accounting and Business Math MCQs →Want more practice questions on Cost Accounting and Business Math?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Cost Accounting and Business Math