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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
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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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 4,000O? * 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
Transcribed Image Text: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 4,000O? * 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
Novus' cost structure: (See image) In its first year of operations, Novus produced and sold 4,000 parachutes. The parachutes sold for P310 each. If Novus would have sold only 3,800 parachutes in its first year, what total amount of cost would have been assigned to the 200 parachutes in finished goods inventory under the variable costing method? * Variable cost per Total fixed cost for the year P342,000 P171,000 parachute Manufacturing cost. Selling and administrative... P160 P10 a. P28,000 b. P32,000 с. Р34,000 d. P49,100
Transcribed Image Text:Novus' cost structure: (See image) In its first year of operations, Novus produced and sold 4,000 parachutes. The parachutes sold for P310 each. If Novus would have sold only 3,800 parachutes in its first year, what total amount of cost would have been assigned to the 200 parachutes in finished goods inventory under the variable costing method? * Variable cost per Total fixed cost for the year P342,000 P171,000 parachute Manufacturing cost. Selling and administrative... P160 P10 a. P28,000 b. P32,000 с. Р34,000 d. P49,100
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