MANO Company produces a single product. Last year, ABC manufactured 17,000 units and sold 13,000units. Production costs for the year were as follows:Direct MaterialsDirect LaborVariable manufacturing overheadFixed manufacturing overheadPhp153,000110,000204,000255,000Sales were Php780,000 for the year, variable selling and administrative expenses were Php88,400, andfixed selling and administrative expenses were Php170,000. There was no beginning inventory. Assumethe direct labor is a variable cost.The contribution margin per unit was:

Name: MANO Company produces a single product. Last year, ABC manufactured 1
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Description: MANO Company produces a single product. Last year, ABC manufactured 17,000 units and sold 13,000units. Production costs for the year were as follows:Direct MaterialsDirect LaborVariable manufacturing overheadFixed manufacturing overheadPhp153,000110

Given: Sales = $780,000 Variable selling and administrative expenses = $88,400 Fixed selling and…

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MANO Company produces a single product. Last year, ABC manufactured 17,000 units and sold 13,000 units. Production costs for the year were as follows: Php153,000 110,000 204,000 Direct Materials Direct Labor Variable manufacturing overhead Fixed manufacturing overhead 255,000 Sales were Php780,000 for the year, variable selling and administrative expenses were Php88,400, and fixed selling and administrative expenses were Php170,000. There was no beginning inventory. Assume the direct labor is a variable cost. The contribution margin per unit was:

MANO Company produces a single product. Last year, ABC manufactured 17,000 units and sold 13,000 units. Production costs for the year were as follows: Php153,000 110,000 204,000 Direct Materials Direct Labor Variable manufacturing overhead Fixed manufacturing overhead 255,000 Sales were Php780,000 for the year, variable selling and administrative expenses were Php88,400, and fixed selling and administrative expenses were Php170,000. There was no beginning inventory. Assume the direct labor is a variable cost. The contribution margin per unit 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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MANO Company produces a single product. Last year, ABC manufactured 17,000 units and sold 13,000 units. Production cost for th eyear were as follows: Direct materials 153,000 Direct labor 110,000 Variable manufacturing overhead 204,000 Fixed manufacturng overhead 255,000 Sales were Php 780,000 for the year, variable selling and administrative expenses were Php 88,400 and fixed selling and administrative were Php 170,000. There was no beginning inventory. Assume the direct labor is a variable cost. The contribution margin per unit was:
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