Vacation Corporation produces a single product. Data concerning the company's first year of operations appear below: Units produced 10,000 Units sold 9,000 Selling price per unit P60 DM P15 DL P5 Variable OH P2 Variable selling and administrative P4 Fixed OH P200,000 Fixed selling and administrative P70,000 Compute for the difference in net operating income between absorption costing and variable costing for the year
Vacation Corporation produces a single product. Data concerning the company's first year of operations appear below: Units produced 10,000 Units sold 9,000 Selling price per unit P60 DM P15 DL P5 Variable OH P2 Variable selling and administrative P4 Fixed OH P200,000 Fixed selling and administrative P70,000 Compute for the difference in net operating income between absorption costing and variable costing for the year
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Vacation Corporation produces a single product. Data concerning
the company's first year of operations appear below:
Units produced
10,000
Units sold
9,000
Selling price per unit
P60
DM
P15
DL
PS
Variable OH
P2
Variable selling and administrative
P4
Fixed OH
P200,000
Fixed selling and administrative
P70,000
Compute for the difference in net operating income
between absorption costing and variable costing for the
year.
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