ABC Company has the following data at the end of its fiscal year: Prime costs P 1,600,000 Variable manufacturing overhead 200,000 Fixed manufacturing overhead 320,000 Variable selling and other expenses 160,000 Fixed selling and other expenses 80,000 If ABC Company uses absorption costing, the product /manufacturing costs or inventoriable costs of the finished goods for the fiscal year would be?
ABC Company has the following data at the end of its fiscal year: Prime costs P 1,600,000 Variable manufacturing overhead 200,000 Fixed manufacturing overhead 320,000 Variable selling and other expenses 160,000 Fixed selling and other expenses 80,000 If ABC Company uses absorption costing, the product /manufacturing costs or inventoriable costs of the finished goods for the fiscal year would be?
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter6: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 2CMA
Related questions
Question
- ABC Company has the following data at the end of its fiscal year:
Prime costs P 1,600,000
Variable manufacturing
Fixed manufacturing overhead 320,000
Variable selling and other expenses 160,000
Fixed selling and other expenses 80,000
If ABC Company uses absorption costing, the product /
Group of answer choices
P 1,600,000
P 1,800,000
P 1,960,000
P 2,120,000
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