Consider the following: Sales price, per unit P18 per unit Standard absorption cost rate P12 per unit Standard variable cost rate P8 per unit Variable selling expense rate P2 per unit Fixed selling and administrative expenses P40, 000 Fixed manufacturing overhead P60 , 000 Last period, 13, 000 units were produced. In the current period , 15, 000 units were produced . In each period, 13 , 000 units were sold. What is the difference in reported Income under absorption and variable costing for the current period ? P Which costing method has higher operating income ? | (absorption costing or variable costing) NOTE: *If your answer is in monetary value , OMIT the peso sign (ex: if the answer is One hundred pesos just type 100) **If your answer is in thousands value , do not put space/s between the numbers and do not forget to type comma to indicate thousand value (ex: if the answer is one thousand just type 1, 000) ***If your answer has decimal places , round your answer and include only two decimal places (ex: If the answer is 58.97321 round your answer and type 58. 97)

Consider the following: Sales price, per unit P18 per unit Standard absorption cost rate P12 per unit Standard variable cost rate P8 per unit Variable selling expense rate P2 per unit Fixed selling and administrative expenses P40, 000 Fixed manufacturing overhead P60 , 000 Last period, 13, 000 units were produced. In the current period , 15, 000 units were produced . In each period, 13 , 000 units were sold. What is the difference in reported Income under absorption and variable costing for the current period ? P Which costing method has higher operating income ? | (absorption costing or variable costing) NOTE: If your answer is in monetary value , OMIT the peso sign (ex: if the answer is One hundred pesos just type 100) If your answer is in thousands value , do not put space/s between the numbers and do not forget to type comma to indicate thousand value (ex: if the answer is one thousand just type 1, 000) If your answer has decimal places , round your answer and include only two decimal places (ex: If the answer is 58.97321 round your answer and type 58. 97)

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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