NUBD Company began its operations on January 1, 2021, and produces a single product that sells for P10 per unit. NUBD uses an actual cost system. In 2021, 100,000 units were produced and 80,000 units were sold. There was no work in process inventory at December 31, 2021. Manufacturing costs and selling and administrative expenses for 2021 were as follows: Fixed costs Variable costs Raw material Direct labor Factory overhead P 2.00 per unit produced P 1.25 per unit produced P0.75 per unit produced P120,000

NUBD Company began its operations on January 1, 2021, and produces a single product that sells for P10 per unit. NUBD uses an actual cost system. In 2021, 100,000 units were produced and 80,000 units were sold. There was no work in process inventory at December 31, 2021. Manufacturing costs and selling and administrative expenses for 2021 were as follows: Fixed costs Variable costs Raw material Direct labor Factory overhead P 2.00 per unit produced P 1.25 per unit produced P0.75 per unit produced P120,000

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter3: Cost Behavior

Section: Chapter Questions

Problem 10E: SmokeCity, Inc., manufactures barbeque smokers. Based on past experience, SmokeCity has found that...

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