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NUBD Corporation has the following standard costs associated with the manufacture and sale of one of its products: P3.00 per unit P2.50 per unit P2.00 per unit P4.00 per unit (based on an estimate of 50,000 units per year) PO.25 per unit P75,000 per year Direct material Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expenses Fixed SG&A expense During 2021, its first year of operations, NUBD manufactured 51,000 units and sold 48,000. The selling price per unit was P25. All costs were equal to standard.

NUBD Corporation has the following standard costs associated with the manufacture and sale of one of its products: P3.00 per unit P2.50 per unit P2.00 per unit P4.00 per unit (based on an estimate of 50,000 units per year) PO.25 per unit P75,000 per year Direct material Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expenses Fixed SG&A expense During 2021, its first year of operations, NUBD manufactured 51,000 units and sold 48,000. The selling price per unit was P25. All costs were equal to standard.

FINANCIAL ACCOUNTING
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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The volume variance under absorption costing is

NUBD Corporation has the following standard costs associated with the manufacture and sale of one of its products: P3.00 per unit P2.50 per unit P2.00 per unit P4.00 per unit (based on an estimate of 50,000 units per year) P0.25 per unit P75,000 per year Direct material Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expenses Fixed SG&A expense During 2021, its first year of operations, NUBD manufactured 51,000 units and sold 48,000. The selling price per unit was P25. All costs were equal to standard.
Transcribed Image Text:NUBD Corporation has the following standard costs associated with the manufacture and sale of one of its products: P3.00 per unit P2.50 per unit P2.00 per unit P4.00 per unit (based on an estimate of 50,000 units per year) P0.25 per unit P75,000 per year Direct material Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expenses Fixed SG&A expense During 2021, its first year of operations, NUBD manufactured 51,000 units and sold 48,000. The selling price per unit was P25. All costs were equal to standard.
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