Using absorption costing, JKL Company's income for October was Php250,000. JKL began the month with 10,000 units in finished goods inventory that contained Php30,000 of fixed manufacturing overhead costs. During October, the company produced 330,000 units and sold 325,000 units. The fixed manufacturing overhead for October totaled Php990,000. If JKL company used variable costing, its income for October would be
Using absorption costing, JKL Company's income for October was Php250,000. JKL began the month with 10,000 units in finished goods inventory that contained Php30,000 of fixed manufacturing overhead costs. During October, the company produced 330,000 units and sold 325,000 units. The fixed manufacturing overhead for October totaled Php990,000. If JKL company used variable costing, its income for October would be
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
A. P234,300
B. P250,000
C. P235,000
D. P265,000
E. None of the above
![Using absorption costing, JKL Company's income for October was Php250,000. JKL began the month
with 10,000 units in finished goods inventory that contained Php30,000 of fixed manufacturing
overhead costs. During October, the company produced 330,000 units and sold 325,000 units. The fixed
manufacturing overhead for October totaled Php990,000. If JKL company used variable costing, its
income for October would be](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F51f3fa64-25d2-45e0-96c9-a29be5c93bd2%2Fe793c89f-b3aa-408b-b48f-390be19e239e%2Ficrrq6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Using absorption costing, JKL Company's income for October was Php250,000. JKL began the month
with 10,000 units in finished goods inventory that contained Php30,000 of fixed manufacturing
overhead costs. During October, the company produced 330,000 units and sold 325,000 units. The fixed
manufacturing overhead for October totaled Php990,000. If JKL company used variable costing, its
income for October would be
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