Question 27
Question 27 of 30

Question image for Q27
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No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct

Topics Tested

how to calculate the contribution of a product

how to prepare a statement reconciling the flexible budgeted cost of production with the actual cost of production

how to account for manufacturing profit and the elimination of unrealised profit from unsold inventory