Based on variable costing, the income before income taxes for the year was * Q Format: 111,111 NUBD Corporation has the following standard costs associated with the manufacture and sale of one of its products: Direct material Direct labor Variable manufacturing overhead Fixed manufacturing overhead P3.00 per unit P2.50 per unit P2.00 per unit P4.00 per unit (based on an estimate of 50,000 units per year) PO.25 per unit P75,000 per year Variable selling expenses Fixed SG&A expense During 2021, its first year of operations, NUBD manufactured 51,000 units and sold 48,000. The selling price per unit was P25. All costs were equal to standard.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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p22

stion
Based on variable costing, the income before income taxes for the year was
*
Format: 111,111
NUBD Corporation has the following standard costs associated with the manufacture
and sale of one of its products:
P3.00 per unit
P2.50 per unit
P2.00 per unit
P4.00 per unit (based on an estimate
of 50,000 units per year)
P0.25 per unit
P75,000 per year
Direct material
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Variable selling expenses
Fixed SG&A expense
During 2021, its first year of operations, NUBD manufactured 51,000 units and sold
48,000. The selling price per unit was P25. All costs were equal to standard.
Transcribed Image Text:stion Based on variable costing, the income before income taxes for the year was * Format: 111,111 NUBD Corporation has the following standard costs associated with the manufacture and sale of one of its products: P3.00 per unit P2.50 per unit P2.00 per unit P4.00 per unit (based on an estimate of 50,000 units per year) P0.25 per unit P75,000 per year Direct material Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expenses Fixed SG&A expense During 2021, its first year of operations, NUBD manufactured 51,000 units and sold 48,000. The selling price per unit was P25. All costs were equal to standard.
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