Novus' cost structure: (See image) In its first year of operations, Novusproduced and sold 4,000 parachutes. The parachutes sold for P310 each. IfNovus would have sold only 3,800 parachutes in its first year, what totalamount of cost would have been assigned to the 200 parachutes infinished goods inventory under the variable costing method? *Variable cost perTotal fixed costfor the yearP342,000P171,000parachuteManufacturing cost.Selling and administrative...P160P10a. P28,000b. P32,000с. Р34,000d. P49,100

Cost of Finished goods inventory under the variable costing method = No. of units in ending finished…

Answered: Novus' cost structure: (See image) In…

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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