Additional information:200,000 unitsP50.00 selling price Please help me answer all the requirements. Thank you 1. Benguet Corp. has the following data pertaining to itsonly product:Direct MaterialsP 10.00/ unitP 8.00 / unitVariable Overhead P 9.00/unitDirect LaborFixed OverheadP 200,000/ yearVariable Selling & Admin. P 5.00/ unitFixed Selling & Admin. P 150,000 /year*The company was able to produce 100,000 Uunits and sell90,000 units during its first year of operation.1. Compute the product cost per unit using (a)Throughput Costing; (b) Variable Costing; (c)Absorption Costing2. Compute the ending inventory values using (a)Throughput Costing; (b) Variable Costing; (c)Absorption Costing3. Compute the net income using (a) ThroughputCosting; (b) Variable Costing; (c) AbsorptionCostingReconcile the net income under variabsorption costing.4.le and

Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

1. Benguet Corp. has the following data pertaining to its only product: Direct Materials P 10.00 / unit P 8.00 / unit Variable Overhead P9.00/ unit P 200,000 / year Variable Selling & Admin. P 5.00/ unit Fixed Selling & Admin. P 150,000/ year *The company was able to produce 100,000 units and sell 90,000 units during its first year of operation. Direct Labor Fixed Overhead 1. Compute the product cost per unit using (a) Throughput Costing; (b) Variable Costing; (c) Absorption Costing 2. Compute the ending inventory values using (a) Throughput Costing; (b) Variable Costing; (c) Absorption Costing 3. Compute the net income using (a) Throughput Costing; (b) Variable Costing; (c) Absorption Costing

1. Benguet Corp. has the following data pertaining to its only product: Direct Materials P 10.00 / unit P 8.00 / unit Variable Overhead P9.00/ unit P 200,000 / year Variable Selling & Admin. P 5.00/ unit Fixed Selling & Admin. P 150,000/ year *The company was able to produce 100,000 units and sell 90,000 units during its first year of operation. Direct Labor Fixed Overhead 1. Compute the product cost per unit using (a) Throughput Costing; (b) Variable Costing; (c) Absorption Costing 2. Compute the ending inventory values using (a) Throughput Costing; (b) Variable Costing; (c) Absorption Costing 3. Compute the net income using (a) Throughput Costing; (b) Variable Costing; (c) Absorption Costing

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Problem 2: JIN Corporation started a promotional program. A towel is offered as a premium to customers who send in 10 box tops of facial soap returned and a remittance of P25. Distribution cost is P10 per towel. The entity estimated that only 60% of the box tops reaching the market will be redeemed. The entity provided the following information: 2020 2021 Facial soap sales, P50 per unit 2,875,000 360,000 2,500,000 Towel purchases, P90 per unit Number of box tops returned 337,500 22,500 38,550 Requirements: 4. Compute for the premiums (as an asset) amount for the year ended: A. December 31, 2020 B. December 31, 2021
eBook Show Me How Print Item Decision on Accepting Additional Business Brightstone Tire and Rubber Company has capacity to produce 170,000 tires. Brightstone presently produces and sells 130,000 tires for the North American market at a price of $106 per tire. Brightstone is evaluating a special order from a European automobile company, Euro Motors. Euro is offering to buy 20,000 tires for $88.6 per tire. Brightstone's accounting system indicates that the total cost per tire is as follows: Direct materials $40 Direct labor 15 Factory overhead (70% variable) 24 Selling and administrative expenses (40% variable) 21 Total $100 Brightstone pays a selling commission equal to 5% of the selling price on North American orders, which is included in the variable portion of the selling and administrative expenses. However, this special order would not have a sales commission. If the order was accepted, the tires would be shipped overseas for an additional shipping cost of $6 per…
Please help me with correct answer thanku
A wholesaler sells a guitar for $1,427.40. What is the percent markup based on cost if the wholesaler paid $780 for the guitar? % Need Help? Read It Watch It Master It
Kindly provide the correct option for number 6. Thankyou
Help asap. Thanks in advance.
Please assist with D, E and F urgently
Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Sales Sale Price 9,400 units 27 Date Number of Units Unit Cost Total Cost Beginning 1,500 10.30 $15,450 March 12 2,700 10.20 27,540 June 5 1,400 10.10 14,140 October 22 5,300 9.90 52,470 Totals 10,900 $109,600 Required: 1. Use your spreadsheet to recalculate the Cost of Goods Sold, Inventory balances, and Gross Profit under each method and enter your results below: (Round your answers to the nearest whole dollar amount.). FIFO LIFO Weighted Average Cost of Goods Sold Ending Inventory Gross Profit < Prev ♡ 14 of 14 Next
COMPUTE THE PREMIUM, PREMIUM EXPENSE, PREMIUM LIABILITY
Help please
plz solve it within 30-40 mins I'll give you multiple upvote
Find the selling price of a DVD set which costs Rs. 2031 and the markup is 30% on cost. What is the amount of profit per set?