Please help me answer requirement 3 and 4 with complete solutions please. Thank youAdditional informationSelling price P50.00200,000 units 1. Benguet Corp. has the following data pertaining to itsonly product:Direct MaterialsP 10.00/ unitP 8.00 / unitVariable Overhead P 9.00/unitDirect LaborFixed OverheadP 200,000/ yearVariable Selling & Admin. P 5.00/ unitFixed Selling & Admin. P 150,000 /year*The company was able to produce 100,000 Uunits and sell90,000 units during its first year of operation.1. Compute the product cost per unit using (a)Throughput Costing; (b) Variable Costing; (c)Absorption Costing2. Compute the ending inventory values using (a)Throughput Costing; (b) Variable Costing; (c)Absorption Costing3. Compute the net income using (a) ThroughputCosting; (b) Variable Costing; (c) AbsorptionCostingReconcile the net income under variabsorption costing.4.le and

The income statement is prepared to find net income or losses incurred during the period.

Benguet Corp. has the following data pertaining to its only product: Direct Materials P 10.00 / unit P 8.00 / unit Direct Labor Variable Overhead P9.00/unit Fixed Overhead P 200,000/ year Variable Selling & Admin. P 5.00/ unit Fixed Selling & Admin. P 150,000/ year The company was able to produce 100,000 units and sell 0,000 units during its first year of operation.

Benguet Corp. has the following data pertaining to its only product: Direct Materials P 10.00 / unit P 8.00 / unit Direct Labor Variable Overhead P9.00/unit Fixed Overhead P 200,000/ year Variable Selling & Admin. P 5.00/ unit Fixed Selling & Admin. P 150,000/ year The company was able to produce 100,000 units and sell 0,000 units during its first year of operation.

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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