use 23 as reference for 24 24. Refer back to the original data. How would Novus' absorption costingnet operating income been affected in its first year if only 3,800parachutes were sold instead of 4,000O? *a. net operating income would have been P2,350 lowerb. net operating income would have been P10,900 lowerc. net operating income would have been P12,900 lowerd. net operating income would have been P28,000 lower Novus' cost structure: (See image) In its first year of operations, Novusproduced and sold 4,000 parachutes. The parachutes sold for P310 each. IfNovus would have sold only 3,800 parachutes in its first year, what totalamount of cost would have been assigned to the 200 parachutes infinished goods inventory under the variable costing method? *Variable cost perTotal fixed costfor the yearP342,000P171,000parachuteManufacturing cost.Selling and administrative...P160P10a. P28,000b. P32,000с. Р34,000d. P49,100

Fixed manufacturing cost per unit = Total Fixed manufacturing cost / Total no. of units produced =…

24. Refer back to the original data. How would Novus' absorption costing net operating income been affected in its first year if only 3,800 parachutes were sold instead of 4,000? * a. net operating income would have been P2,350 lower b. net operating income would have been P10,900 lower c. net operating income would have been P12,900 lower d. net operating income would have been P28,000 lower

24. Refer back to the original data. How would Novus' absorption costing net operating income been affected in its first year if only 3,800 parachutes were sold instead of 4,000? * a. net operating income would have been P2,350 lower b. net operating income would have been P10,900 lower c. net operating income would have been P12,900 lower d. net operating income would have been P28,000 lower

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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