The following operating data are available from the records of Jonathan Company for the month ofJanuary 20CY.Sales (P70 per unit)Direct MaterialsDirect LaborManufacturing OverheadFixedP210,00059,20048,0036,080VariableMarketing and General ExpensesFixed24,00011,0005% of salesVariableProduction in unitsBeginning inventory3280 unitsnone37. The ending finished goods inventory under absorption costing method would be:a.14,280b. 16,968c. 12,096d. 16,07238. The profit for the month under the variable costing method would be:а. 32,420b. 25,500с. 23,320d. 22,420

Name: The following operating data are available from the records of Jonath
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Description: The following operating data are available from the records of Jonathan Company for the month ofJanuary 20CY.Sales (P70 per unit)Direct MaterialsDirect LaborManufacturing OverheadFixedP210,00059,20048,0036,080VariableMarketing and General ExpensesFi

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37. The ending finished goods inventory under absorption costing method would be: а. 14,280 b. 16,968 c. 12,096 d. 16,072 38. The profit for the month under the variable costing method would be: а. 32,420 b. 25,500 с. 23,320 d. 22,420

37. The ending finished goods inventory under absorption costing method would be: а. 14,280 b. 16,968 c. 12,096 d. 16,072 38. The profit for the month under the variable costing method would be: а. 32,420 b. 25,500 с. 23,320 d. 22,420

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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Subject: accounting
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