Twinings Company manufactures a single product and has the following data: Selling price P 200 Variable costs per unit: Direct materials P 30 Direct labor 40 Variable manufacturing overhead 10 Variable selling and administrative expense 20 Fixed costs per month: Fixed manufacturing overhead P 1.000,000 Fixed selling and administrative 600,000 The company produces 20,000 units each month and 19,000 units are sold in a month. What is the net income under absorption costing? Group of answer choices P 300,000 P 350,000 P 380,000 P 420,000

Twinings Company manufactures a single product and has the following data: Selling price P 200 Variable costs per unit: Direct materials P 30 Direct labor 40 Variable manufacturing overhead 10 Variable selling and administrative expense 20 Fixed costs per month: Fixed manufacturing overhead P 1.000,000 Fixed selling and administrative 600,000 The company produces 20,000 units each month and 19,000 units are sold in a month. What is the net income under absorption costing? Group of answer choices P 300,000 P 350,000 P 380,000 P 420,000

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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