Last Year, Omegle Company produced 25,000 juicers and sold 26,500 juicers for P60 each. The actual variable unit cost is as follows: Direct materials P16.00 Direct labor 5.30 Variable overhead 2.90 Variable selling expense Total unit variable cost P26.60 2.40 Fixed overhead was P320,000. Fixed selling expenses consisted of advertising copayments totaling P110,000. Fixed administrative expenses were P236,000. There were no beginning and ending work-in-process inventories. Beginning finished goods inventory was P148,000 for 4,000 juicers. 2. The value of ending inventory reports on the financial statements were? 3. The gross margin percentage for last year was?

Last Year, Omegle Company produced 25,000 juicers and sold 26,500 juicers for P60 each. The actual variable unit cost is as follows: Direct materials P16.00 Direct labor 5.30 Variable overhead 2.90 Variable selling expense Total unit variable cost P26.60 2.40 Fixed overhead was P320,000. Fixed selling expenses consisted of advertising copayments totaling P110,000. Fixed administrative expenses were P236,000. There were no beginning and ending work-in-process inventories. Beginning finished goods inventory was P148,000 for 4,000 juicers. 2. The value of ending inventory reports on the financial statements were? 3. The gross margin percentage for last year was?

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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