Rebel Company manufactures a single product and has the following cost structure: Variable cost per unit Fixed Costs Production P5 Production P32,000 Selling & administrative Selling & administrative 16,000 During the year, 8,000 units were produced, and 7,800 units were sold.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Answer questions 3 & 4 using the following information:
Rebel Company manufactures a single product and has the following cost structure:
Variable cost per unit
Fixed Costs
Production
P5
Production
P32,000
Selling & administrative
3
Selling & administrative
16,000
During the year, 8,000 units were produced, and 7,800 units were sold.
3. The carrying value of ending inventory under variable costing
would be: present as is if higher or present it in comma if it is less
ex: (200)
Your answer
4. Under absorption costing, the cost of goods sold would be:
Your answer
Transcribed Image Text:Answer questions 3 & 4 using the following information: Rebel Company manufactures a single product and has the following cost structure: Variable cost per unit Fixed Costs Production P5 Production P32,000 Selling & administrative 3 Selling & administrative 16,000 During the year, 8,000 units were produced, and 7,800 units were sold. 3. The carrying value of ending inventory under variable costing would be: present as is if higher or present it in comma if it is less ex: (200) Your answer 4. Under absorption costing, the cost of goods sold would be: Your answer
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