Information from NUBD Company's records for the year ended December 31, 2021 is available as follows: Units sold Net sales Cost of goods manufactured: Variable Fixed 60,000 Units manufactured P 1,400,000 | Operating expenses: Variable 630,000 Fixed 315,000 FG Inventory, beg. 70,000 P 98,000 140,000 none

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Under the absorption costing method, NUBD’s operating income for 2021 would be

Information from NUBD Company's records for the year ended December 31, 2021 is
available as follows:
Units sold
Net sales
Cost of goods manufactured:
Variable
Fixed
60,000 Units manufactured
P 1,400,000 Operating expenses:
Variable
630,000 Fixed
315,000 FG Inventory, beg.
70,000
P 98,000
140,000
none
Transcribed Image Text:Information from NUBD Company's records for the year ended December 31, 2021 is available as follows: Units sold Net sales Cost of goods manufactured: Variable Fixed 60,000 Units manufactured P 1,400,000 Operating expenses: Variable 630,000 Fixed 315,000 FG Inventory, beg. 70,000 P 98,000 140,000 none
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