The following operating data are available from the records of Sally Company for the month of January 2019: Sales (P 70 per unit) Direct materials Direct labor P 210,000 59,200 48,000 Manufacturing overhead: Fixed 36,080 24,000 Variable Marketing and general expenses: Fixed Variable Production in units - 3,280 units Beginning inventory - none 11,000 5% of sales

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

The profit for the month under variable costing would be

  • P32,420
  • P25,500
  • P23,320
  • P22,420
The following operating data are available from the records of Sally Company for the month of
January 2019:
Sales (P 70 per unit)
Direct materials
Direct labor
Manufacturing overhead:
Fixed
Variable
Marketing and general expenses:
Fixed
Variable
Production in units - 3,280 units
Beginning inventory - none
P 210,000
59,200
48,000
36,080
24,000
11,000
5% of sales
Transcribed Image Text:The following operating data are available from the records of Sally Company for the month of January 2019: Sales (P 70 per unit) Direct materials Direct labor Manufacturing overhead: Fixed Variable Marketing and general expenses: Fixed Variable Production in units - 3,280 units Beginning inventory - none P 210,000 59,200 48,000 36,080 24,000 11,000 5% of sales
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education