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?
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 25E: Last year, Orsen Company produced 25,000 juicers and sold 26,500 juicers for 60 each. The actual...
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![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
Direct labor
P16.00
5.30
Variable overhead
2.90
Variable selling expense
Total unit variable cost
2.40
P26.60
Fixed overhead was P320,000. Fixed selling expenses consisted
of advertising copayments totaling Pl10,000. 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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3a020d7c-1e78-4321-84a2-9435e566927b%2F0629c3d2-7adf-4e01-8199-8be8f152e4af%2F6j1kw1i_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
Direct labor
P16.00
5.30
Variable overhead
2.90
Variable selling expense
Total unit variable cost
2.40
P26.60
Fixed overhead was P320,000. Fixed selling expenses consisted
of advertising copayments totaling Pl10,000. 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?
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