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Nulook Ltd. Uses a JIT system and back flush accounting. It does not use a raw material stock control account During May, 8000 units were produced and sold. The standard cost per unit is ?100; this includes materials of ?45. During May, ?4,80,000 of conversion costs were incurred. The debit balance on cost of goods sold account for May was

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Syllabus (with weightage)
A. Cost Management 20%
B. Strategic Cost Management Tools and Techniques 50%
C. Strategic Cost Management - Application of Statistical Techniques in Business Decisions 30%

Related Test: CMA Intermediate Exam: Cost and Management Accounting


Nulook Ltd. Uses a JIT system and back flush accounting. It does not use a raw material stock control account During May, 8000 units were produced and sold. The standard cost per unit is ?100; this includes materials of ?45. During May, ?4,80,000 of conversion costs were incurred. The debit balance on cost of goods sold account for May was






 
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