Exercise 3: G Company's income under absorption costing was P 120,000 lower than its income under variable costing. The company sold 22,400 units during the year and its variable costs were P 210 per unit, P24 of which represents the variable selling expenses Production costs was P250 per unit under absorption costing Determine the fixed factory overhead rate How many units did the company produce during the year?

Exercise 3: G Company's income under absorption costing was P 120,000 lower than its income under variable costing. The company sold 22,400 units during the year and its variable costs were P 210 per unit, P24 of which represents the variable selling expenses Production costs was P250 per unit under absorption costing Determine the fixed factory overhead rate How many units did the company produce during the year?

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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