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unit product cost under variable costing

unit product cost under variable costing

FINANCIAL ACCOUNTING
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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use 26 as reference for 28

For 26-29. GwapoAko Corporation provides the following information for the month of February based on the production of 20,000 units: Direct materials - P 50,000; Direct labor - P30,00o; Variable factory overhead costs - P20,000; Fixed factory overhead costs - P25,000; Variable selling and administrative expenses - P40,000; Fixed selling and administrative expenses - P15,000. What is the unit product cost under variable costing? * а. Р 5.00 b. P 6.25 О с.Р 7.00 d. P 8.00
Transcribed Image Text:For 26-29. GwapoAko Corporation provides the following information for the month of February based on the production of 20,000 units: Direct materials - P 50,000; Direct labor - P30,00o; Variable factory overhead costs - P20,000; Fixed factory overhead costs - P25,000; Variable selling and administrative expenses - P40,000; Fixed selling and administrative expenses - P15,000. What is the unit product cost under variable costing? * а. Р 5.00 b. P 6.25 О с.Р 7.00 d. P 8.00
28. Under full costing, what is the costs of goods manufactured if work-in- process inventory increased by P 15,000 * a. P 85,000 ОБ.Р110,000 с. Р 115,000 d. P 140,000
Transcribed Image Text:28. Under full costing, what is the costs of goods manufactured if work-in- process inventory increased by P 15,000 * a. P 85,000 ОБ.Р110,000 с. Р 115,000 d. P 140,000
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