Problem D. During the month, ABC company produced and sold 12,000 units of product. Manufacturing and selling costs incurred for the month were: Direct materials and direct labor Variable factory overhead Fixed factory overhead Variable selling costs P480,000 108,000 24,000 12,000 Instruction: 13. Determine the product's unit cost under variable costing. 14. Determine the product's unit cost under absorption costing.
Problem D. During the month, ABC company produced and sold 12,000 units of product. Manufacturing and selling costs incurred for the month were: Direct materials and direct labor Variable factory overhead Fixed factory overhead Variable selling costs P480,000 108,000 24,000 12,000 Instruction: 13. Determine the product's unit cost under variable costing. 14. Determine the product's unit cost under absorption costing.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Problem D. During the month, ABC company produced and sold 12,000 units of product. Manufacturing
and selling costs incurred for the month were:
Direct materials and direct labor
Variable factory overhead
Fixed factory overhead
Variable selling costs
P480,000
108,000
24,000
12,000
Instruction:
13. Determine the product's unit cost under variable costing.
14. Determine the product's unit cost under absorption costing.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faae90785-f9f6-4f1b-861c-fa600070bd94%2Ff034ffa6-5f46-4be1-ac04-7da229612f36%2Fcsdakfru_processed.png&w=3840&q=75)
Transcribed Image Text:Problem D. During the month, ABC company produced and sold 12,000 units of product. Manufacturing
and selling costs incurred for the month were:
Direct materials and direct labor
Variable factory overhead
Fixed factory overhead
Variable selling costs
P480,000
108,000
24,000
12,000
Instruction:
13. Determine the product's unit cost under variable costing.
14. Determine the product's unit cost under absorption costing.
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