In the year 2020, kim plastics sold 100,000 units of its product. Selling price per unit was 100. Standard and actual costs per unit based on production of 100,000 units were variable cost=P25, Fixed costs=P50. Find operating income as per direct costing, break even point in value.

In the year 2020, kim plastics sold 100,000 units of its product. Selling price per unit was 100. Standard and actual costs per unit based on production of 100,000 units were variable cost=P25, Fixed costs=P50. Find operating income as per direct costing, break even point in value.

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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Question

In the year 2020, kim plastics sold 100,000 units of its product. Selling price
per unit was 100. Standard and actual costs per unit based on production
of 100,000 units were variable cost=P25, Fixed costs=P50. Find operating
income as per direct costing, break even point in value.

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