VARIABLE COSTING Seatwork During January 200A, Liquigan, Inc. produced 1,000 units of Product A with costs as follows: Materials Labor Variable factory overhead Fbred factory overhead Total manufacturing costs P 6,000 3,300 2,500 1,500 P13.300 Selling and administrative costs incurred during the month were: Variable seiling and administrative Fixed selling and administrative P3,000 2,000 P5.000 Selling price per unit P20.00 Liquigan, Inc. uses the JIT system. It does not keep inventories in stock. RIABLE COSTING Seatwork What amount should be considered product cest for extenal reporting purposes? a. P13.30 b. PIB.30 e PI1.80 d. P14.80 What is the product cot per Unit urder variable costing? a. PI3.30 b. PIB.30 2. C PI1.60 d. P14.80 What is the variable cost per unit for purposes of computing the contribution margin? P13.30 P18.30 C PIL80 Under absorption cesting, income for January 200A was A PB 200 D P5.200 丰 ( P6, 200

VARIABLE COSTING Seatwork During January 200A, Liquigan, Inc. produced 1,000 units of Product A with costs as follows: Materials Labor Variable factory overhead Fbred factory overhead Total manufacturing costs P 6,000 3,300 2,500 1,500 P13.300 Selling and administrative costs incurred during the month were: Variable seiling and administrative Fixed selling and administrative P3,000 2,000 P5.000 Selling price per unit P20.00 Liquigan, Inc. uses the JIT system. It does not keep inventories in stock. RIABLE COSTING Seatwork What amount should be considered product cest for extenal reporting purposes? a. P13.30 b. PIB.30 e PI1.80 d. P14.80 What is the product cot per Unit urder variable costing? a. PI3.30 b. PIB.30 2. C PI1.60 d. P14.80 What is the variable cost per unit for purposes of computing the contribution margin? P13.30 P18.30 C PIL80 Under absorption cesting, income for January 200A was A PB 200 D P5.200 丰 ( P6, 200

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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