On January 1, 2016, Omega Company has 16,000 units in its beginning inventory. During the year, the company’s variable production costs were P6 per unit and its fixed overhead costs were P4 per unit. The company’s net income for the year was P24,000 higher under absorption costing than it was under direct costing. Given these facts, the number of units of product in the ending inventory on December 31, 2016, must have been?
On January 1, 2016, Omega Company has 16,000 units in its beginning inventory. During the year, the company’s variable production costs were P6 per unit and its fixed overhead costs were P4 per unit. The company’s net income for the year was P24,000 higher under absorption costing than it was under direct costing. Given these facts, the number of units of product in the ending inventory on December 31, 2016, must have been?
Chapter1: Financial Statements And Business Decisions
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On January 1, 2016, Omega Company has 16,000 units in its beginning inventory. During the year, the company’s variable production costs were P6 per unit and its fixed
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