The Multicolors Company had the following costs for 2021: Raw materials P 2,1000,000 Direct labor 300,000 Miscellaneous FOH (fixed) 240,000 Depreciation of machines 120,000 Rent for factory building 150,000 Rent for sales office 90,000 Depreciation on store equipment 60,000 How much of these costs should be considered product or manufacturing costs to be inventoried under absorption costing? Group of answer choices P 3,060,000 P 3,000,000 P 2,910,000 P 2,790,000

The Multicolors Company had the following costs for 2021: Raw materials P 2,1000,000 Direct labor 300,000 Miscellaneous FOH (fixed) 240,000 Depreciation of machines 120,000 Rent for factory building 150,000 Rent for sales office 90,000 Depreciation on store equipment 60,000 How much of these costs should be considered product or manufacturing costs to be inventoried under absorption costing? Group of answer choices P 3,060,000 P 3,000,000 P 2,910,000 P 2,790,000

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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