During January 200A, Liquigan, Inc. produced 1,000 units of Product A with costs as follows: Materials Labor P 6,000 3,300 2,500 1,500 P13.300 Selling and administrative costs incurred during the month were: Variable factory overhead Fored factory overhead Total manufacturing costs Variable seiling and administrative Fixed selling and administrative P3,000 그000 PS.000 Selling price per unit P20.00 Liquigan, Inc. Uses the JIT system. It does not keep inventories in stock. COSTING Seatwork What amount should be considered product cest for extemal reporting purposes? a P13.30 b PI8.30 C P11.80 d. P14.80 What is the product cost per unit urder variable costing? 2. a. P13.30 b. PIB.30 C P1.60 d. P14.80 What is the variable cost per unit for purposes of computing the contribution margin? P13.30 * PI8.30 C. PI1.80

During January 200A, Liquigan, Inc. produced 1,000 units of Product A with costs as follows: Materials Labor P 6,000 3,300 2,500 1,500 P13.300 Selling and administrative costs incurred during the month were: Variable factory overhead Fored factory overhead Total manufacturing costs Variable seiling and administrative Fixed selling and administrative P3,000 그000 PS.000 Selling price per unit P20.00 Liquigan, Inc. Uses the JIT system. It does not keep inventories in stock. COSTING Seatwork What amount should be considered product cest for extemal reporting purposes? a P13.30 b PI8.30 C P11.80 d. P14.80 What is the product cost per unit urder variable costing? 2. a. P13.30 b. PIB.30 C P1.60 d. P14.80 What is the variable cost per unit for purposes of computing the contribution margin? P13.30 * PI8.30 C. PI1.80

Name: VARIABLE COSTINGSeatworkDuring January 200A, Liquigan, Inc. produced
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Description: VARIABLE COSTINGSeatworkDuring January 200A, Liquigan, Inc. produced 1,000 units ofProduct A with costs as follows:MaterialsLaborVariable factory overheadFbred factory overheadTotal manufacturing costsP 6,0003,3002,5001,500P13.300Selling and adminis

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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