On the basis of the following information, calculate the net profit for the period and thevalue of finished goods on hand at the end of the period using: Absorption and variable costingmethods:oldsinevnotquoedsSalesP256,000Cost of goods manufactured:Variable costsFixed costs96,00064,00080,000Fixed selling and administrativeFinished goods, beginningexpensebusnoneallan ninotlorActual production in unitsFinished goods, ending in units tinu ni noitouborq 2,000Beginning and ending work in process liru to10,000courbsu eeaenone

Using absorption costing fixed costs remains deferred in ending inventory or releases from the…

sOn the basis of the following information, calculate the net profit for the period and the value of finished goods on hand at the end of the period using: Absorption and variable costing methods: Sales P256,000 Cost of goods manufactured: Variable costs 96,000 64,000 80,000 ers Aged anr Fixed costs Fixed selling and administrative expense Finished goods, beginning none role Actual production in units Finished goods, ending in units courbeua eee 10,000 ni noitouborg 2,000

sOn the basis of the following information, calculate the net profit for the period and the value of finished goods on hand at the end of the period using: Absorption and variable costing methods: Sales P256,000 Cost of goods manufactured: Variable costs 96,000 64,000 80,000 ers Aged anr Fixed costs Fixed selling and administrative expense Finished goods, beginning none role Actual production in units Finished goods, ending in units courbeua eee 10,000 ni noitouborg 2,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 19MC: When the number of units in ending inventory increases through the year, which of the following is...

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