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BNM INC. presented the following data for 2021: Sales ₱256,000 Variable manufacturing costs 96,000 Fixed manufacturing costs 64,000 Fixed selling and administrative expenses 80,000 Actual production in units 10,000 Finished goods, end. in units 2,000 Finished goods, beg. in units none Question: 1. What is the net income under variable costing method? 2. What is the net income under absorption costing method?

BNM INC. presented the following data for 2021: Sales ₱256,000 Variable manufacturing costs 96,000 Fixed manufacturing costs 64,000 Fixed selling and administrative expenses 80,000 Actual production in units 10,000 Finished goods, end. in units 2,000 Finished goods, beg. in units none Question: 1. What is the net income under variable costing method? 2. What is the net income under absorption costing method?

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management analysis
Section: Chapter Questions
Problem 4BE
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BNM INC. presented the following data for 2021:

Sales ₱256,000
Variable manufacturing costs 96,000
Fixed manufacturing costs 64,000
Fixed selling and administrative expenses 80,000
Actual production in units 10,000
Finished goods, end. in units 2,000
Finished goods, beg. in units none

Question:

1. What is the net income under variable costing method?

2. What is the net income under absorption costing method?

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