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Yamato Company’s 2019 fixed manufacturing overhead costs totaled Php120,000 and variable selling costs totaled P45,000. 7. Under variable (direct) costing, how much of the costs are product costs? A. None             C. Php120,000 B. Php45,000      D. Php165,000 8. Under absorption (full) costing, how much of the costs are period costs? A. None            C. Php120,000 B. Php45,000     D. Php165,000

Yamato Company’s 2019 fixed manufacturing overhead costs totaled Php120,000 and variable selling costs totaled P45,000. 7. Under variable (direct) costing, how much of the costs are product costs? A. None             C. Php120,000 B. Php45,000      D. Php165,000 8. Under absorption (full) costing, how much of the costs are period costs? A. None            C. Php120,000 B. Php45,000     D. Php165,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Yamato Company’s 2019 fixed manufacturing overhead costs totaled Php120,000 and variable selling costs totaled P45,000.

7. Under variable (direct) costing, how much of the costs are product costs?
A. None             C. Php120,000
B. Php45,000      D. Php165,000

8. Under absorption (full) costing, how much of the costs are period costs?
A. None            C. Php120,000
B. Php45,000     D. Php165,000

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