The following information was extracted from the first year absorption-based accounting records of COCOMELON Co. (refer to image) If COCOMELON Co. had used variable costing in its first year of operations, how much income (loss) before income taxes would it have reported? a. (P6,000) b. P54,000 c. P26,000 d. P2,000

The following information was extracted from the first year absorption-based accounting records of COCOMELON Co. (refer to image) If COCOMELON Co. had used variable costing in its first year of operations, how much income (loss) before income taxes would it have reported? a. (P6,000) b. P54,000 c. P26,000 d. P2,000

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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If you could possibly include the steps into how to get the final percentage for each company I would appreciate it greatly thank you!!
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Please do not give solution in image format ?
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please provide correct option
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