34. Total period cost for April under variable costing.A. P 55,200 C. P 123,900B. P 82,500 D. P 137,700 ABC Co., which has only one product, provided these data concerning its operations during the month of April:Sales (2,300 units)P326,600Variable costs/unitDirect materialsDirect laborP2257Fixed costs:16Factory overheadSelling and administrativeFactory overheadSelling and administrativeThe inventory increased by 200 units at the end of month.P82,50041,400

In manufacturing there are two types of cost one are variable cost that change with volume and other…

Answered: 34. Total period cost for April under…

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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1 of 12 Assignment: 1 Case: 1 The Cost Sheet of a product is given as under: Direct Materials Direct Wages Factory Overheads: Fixed Variable Administrative Expenses: Selling and Distribution Overheads: Fixed Variable Total OMR 6.00 3.00 0.50 0.50 0.75 0.25 0.50 11.50 The selling price per unit is OMR 13. The above figures are for an output of 85,000 units, the capacity of the firm is 100,000 units. A foreign customer is desirous of buying 15,000 units at a price of OMR 10.50 per unit. (A) Advise the manufacturer, whether the order should be accepted. (B) What will be your advice, if the orders were from a local merchant, at the same price? (C) What would be the profits, if the local selling price falls to OMR 11 from OMR 13, after acceptance of the order from a local merchant?
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34. Total period cost for April under variable costing. A. P 55,200 C. P 123,900 B. P 82,500 D. P 137,700