JRM Inc., which has only one product, provided the following data for April: Sales @ P74/unit P636,400 Variable costs per unit: Fixed costs: Direct materials P12 Factory overhead P176,000 Direct labor 32 Selling & administrative 8,600 Factory overhead 2 Selling & administrative 6 There are 200 units of inventory remaining at the end of April.
JRM Inc., which has only one product, provided the following data for April: Sales @ P74/unit P636,400 Variable costs per unit: Fixed costs: Direct materials P12 Factory overhead P176,000 Direct labor 32 Selling & administrative 8,600 Factory overhead 2 Selling & administrative 6 There are 200 units of inventory remaining at the end of April.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Topic Video
Question
- Unit product cost under variable and absorption costing approach, respectively, must be: Present it as V-50 and A-53
- Contribution margin for the month under the variable costing approach is:
- Gross margin for the month under the absorption costing approach is:
![JRM Inc., which has only one product, provided the following data for April:
Sales @ P74/unit
P636,400
Variable costs per unit:
Fixed costs:
Direct materials
P12
Factory overhead
P176,000
Direct labor
32
Selling & administrative
8,600
Factory overhead
2
Selling & administrative
6.
There are 200 units of inventory remaining at the end of April.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7ce12b7f-2def-4225-b8ce-15dfe418e941%2Ff30514f2-a501-48c0-816d-225f6a054aad%2F9b2ngho_processed.png&w=3840&q=75)
Transcribed Image Text:JRM Inc., which has only one product, provided the following data for April:
Sales @ P74/unit
P636,400
Variable costs per unit:
Fixed costs:
Direct materials
P12
Factory overhead
P176,000
Direct labor
32
Selling & administrative
8,600
Factory overhead
2
Selling & administrative
6.
There are 200 units of inventory remaining at the end of April.
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