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.

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.

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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Question

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)
Under absorption costing, the cost of goods sold would be:

Rebel Company manufactures a single product and has the following cost structure:
Variable cost per unit
Fixed Costs
Production
Р5
Production
P32,000
Selling & administrative
Selling & administrative
16,000
During the year, 8,000 units were produced, and 7,800 units were sold.

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