If there were no variances, the company's absorption-costing net income would be: * O Format: 111,111 NUBD began business at the start of the current year. The company planned to produce 25,000 units, and actual production conformed to expectations. Sales totaled 21,000 units at P30 each. Costs incurred were: Fixed manufacturing overhead Fixed selling and administrative cost Variable manufacturing cost per unit |Variable selling and administrative cost per unit P150,000 100,000 2

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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If there were no variances, the company's absorption-costing net income would be: * O
atio
Format: 111,111
NUBD began business at the start of the current year. The company planned to
produce 25,000 units, and actual production conformed to expectations. Sales
totaled 21,000 units at P30 each. Costs incurred were:
P150,000
100,000
Fixed manufacturing overhead
Fixed selling and administrative cost
Variable manufacturing cost per unit
Variable selling and administrative cost per unit
Transcribed Image Text:If there were no variances, the company's absorption-costing net income would be: * O atio Format: 111,111 NUBD began business at the start of the current year. The company planned to produce 25,000 units, and actual production conformed to expectations. Sales totaled 21,000 units at P30 each. Costs incurred were: P150,000 100,000 Fixed manufacturing overhead Fixed selling and administrative cost Variable manufacturing cost per unit Variable selling and administrative cost per unit
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