Question
1. Last year, C Company had income of P40, 000 using variable costing. Beginning and ending inventories were 22, 000 and 27, 000 units, respectively.
1. Last year, C Company had income of P40, 000 using variable costing. Beginning and ending inventories were 22, 000 and 27, 000 units, respectively. If the fixed manufacturing overhead cost was P10.00 per unit, what was the income using absorption costing?
2. A company had a net income of P85, 500 using absorption costing and a net income of P90, 000 using variable costing. Total fixed manufacturing overhead was P150, 000 and production was 100, 000 units. Between beginning and end of the year, the inventory level, INCREASED BY / DECREASED BY ____ units.
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