Lazaro Company produces "Excellent". To produce Excellent, Lazaro will require 15 units of Material X at P8 per unit, 10 units of Material Y at P7 per unit, 2 direct labor hours at P50 per hour, and variable factory overhead P100 per unit and annual fixed factory overhead P1,000,000. If only 460,000 units were sold out of production 500,000 units of Excellent using full absorption costing method, what is the value of ending inventory? P 7,600,000 O P15,600,000 O P15,680,000 None of the above

Lazaro Company produces "Excellent". To produce Excellent, Lazaro will require 15 units of Material X at P8 per unit, 10 units of Material Y at P7 per unit, 2 direct labor hours at P50 per hour, and variable factory overhead P100 per unit and annual fixed factory overhead P1,000,000. If only 460,000 units were sold out of production 500,000 units of Excellent using full absorption costing method, what is the value of ending inventory? P 7,600,000 O P15,600,000 O P15,680,000 None of the above

Name: Lazaro Company produces"Excellent". To produceExcellent, Lazaro will
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Description: Lazaro Company produces"Excellent". To produceExcellent, Lazaro will require 15units of Material X at P8 perunit, 10 units of Material Y at P7per unit, 2 direct labor hours atP50 per hour, and variablefactory overhead P100 per unitand annual fixed f

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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