7 If yamaha company used variable cossting, what amount of income before income taxes would it have reported?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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If yamaha company used variable cossting, what amount of income before income taxes would it have reported?

The following information is available for Yamaha Company for its first year of
operations:
Sales in units
5,000
Production in units
8,000
Manufacturing costs:
Direct labor
P3 per unit
Direct material
5 per unit
Variable overhead
1 per unit
Fixed overhead
P100,000
Net income (absorption method)
P30,000
Sales price per unit
P40
Transcribed Image Text:The following information is available for Yamaha Company for its first year of operations: Sales in units 5,000 Production in units 8,000 Manufacturing costs: Direct labor P3 per unit Direct material 5 per unit Variable overhead 1 per unit Fixed overhead P100,000 Net income (absorption method) P30,000 Sales price per unit P40
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