NUBD Co. had income of P65,000 using absorption costing for the period. Beginning and ending inventories for the period are 12.000 units and 18,000 units respectively. Ignoring income taxes, if the fixed overhead application rate is P2.50 per unit, what would the income have been using variable costing? * O P77,500 D P60,000 D P52,500 P50,000

NUBD Co. had income of P65,000 using absorption costing for the period. Beginning and ending inventories for the period are 12.000 units and 18,000 units respectively. Ignoring income taxes, if the fixed overhead application rate is P2.50 per unit, what would the income have been using variable costing? * O P77,500 D P60,000 D P52,500 P50,000

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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