Day: November 19, 2021

A business uses absorption costing.

Which cost is used to value finished stock?

Select ONE answer:

1. full cost
2. prime cost
3. variable cost of production
4. variable cost of sales

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

1. Correct
2. Not correct
3. Not correct
4. Not correct

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