#44 and 45ANSWER NUMBERS 44 AND 45 ONLY!!!Please show your complete solution and answer. Thank you! Reconciliation of profitQuestions 42 and 43 are based on the following iniormation.The books of Mariposa Company pertaining to the year ended December 31, 2014 operations,showed the following figures relating io product A:Beginning inventory-finished goods and work in processNo. of units producedNo. of units sold at P15Direct materials usedDirect labor usednone40,000 units32,500 unitsP 177,50085,000Manufacturing costs:FixedP 110,000Variable61,500171.50030,000Fixed administrative expenses42. Under variable costing, what would be the finished goods inventory as at December31, 2014?P81,375.00P 60,750.00P 87,000.00P 49,218.75Answer not givenс.а.b.d.(грера)е.)43. Which costing method, variable or absorption costing, would show a higher operatingincome for 2014, and by how much?Variable by P20,625.b. Absorption by P20,625.Variable by P26,250.Absorption by P26,250.Answer not given.с.a.d.(грера)e.44. At the end of Kiko Company's first year operations, 1,000 units of inventory remainedon hand. variable and fixed manufacturing cost per unit were P90 and P20, respectively.If Kiko uses absorption costing rather then direct (variable) costing, the result wouldbe a higher pretax income ofa. P20,000b. P70,000P 0P90,000с.d.(трсра)45. During the year 2014, Catara Corporation manufactured 70,000 units of product A, a newproduct. Only 65,000 units were sold during the year. There was no beginninginventory. Manufacturing cost per unit was P20.00 variable and P50.00 fixed.What would be the effect on net income if absorption costing is used instead of vari-able costing?Net income is P250,000 lower.b. Net income is P250,000 higher.Net income is P100,000 lower.None of the above.a.c.d.(грсра)

Solution.. Question (44) . ending inventory = 1,000 units FIXED manufacturing overhead costs per…

Reconciliation of profit Questions 42 and 43 are based on the following iniormation. The books of Mariposa Company pertaining to the year ended December 31, 2014 operations, showed the following figures relating io product A: Beginning inventory-finished goods and work in process No. of units produced No. of units sold at P15 Direct materials used Direct labor used none 40,000 units 32,500 units P 177,500 85,000 Manufacturing costs: Fixed P 110,000 61,500 171.500 Variable d administrative exnenses 30,000

Reconciliation of profit Questions 42 and 43 are based on the following iniormation. The books of Mariposa Company pertaining to the year ended December 31, 2014 operations, showed the following figures relating io product A: Beginning inventory-finished goods and work in process No. of units produced No. of units sold at P15 Direct materials used Direct labor used none 40,000 units 32,500 units P 177,500 85,000 Manufacturing costs: Fixed P 110,000 61,500 171.500 Variable d administrative exnenses 30,000

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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