7 What is the net income for 2021 under the Variable Costing Method? * (1 Point) Do not use money sign (P). Sample format: 11,111 8 What is the net income for 2021 under the Absorption Costing Method? * (1 Point) NUBD Co. presented the following data for 2021: Sales Variable manufacturing costs Fixed manufacturing costs Fixed selling and administrative expenses Actual production in units Finished goods, end. in units Finished goods, beg. in units P 256,000 96,000 64,000 80,000 10,000 2,000 none 3 What is the net income under variable costing method? (1 Point) * Do not use money sign (P). Sample format: 11,111 4 What is the net income under absorption costing method? * Use the following information for the next 2 numbers. Units sold Units produced Fixed manufacturing overhead Variable manufacturing overhead Fixed selling and administrative expenses Variable selling and administrative expenses Direct materials used Direct labor Inventory, beginning in units No work in process inventories 2,000 2.200 P 44,000 12,000 18,000 10,000 30,000 24,000 100 1 Compute for the ending Finished Goods Inventory under Absorption costing * (1 Point) Do not use money sign (P). Sample format: 11,111 2 Compute for the Ending Finished Goods. Inventory under Variable Costing method * The following data were taken from the records of NUBD Co. In Units 2020 2021 Inventory, Jan. 1 0 7,000 Production 20,000 18,000 Available for sale 20,000 25,000 Units sold 13,000 23,000 Inventory, Dec. 31 7,000 2,000 Sales (P20 per unit) P 260,000 P 460,000 Variable manufacturing cost (P7.50 per unit) 150,000 135,000 Fixed manufacturing cost 50,000 54,000 Selling and administrative 45,000 75,000 5 What is the net income for 2020 under the Variable Costing Method? (1 Point) * Do not use money sign (P). Sample format: 11,111 CO 6 What is the net income for 2020 under the Absorption Costing Method? * NUBD Co. produced 100,000 units of Product Z during the month of September: Costs incurred during September were as follows: Direct materials used P100,000 Fixed mfg. overhead P50.000 Direct labor employed Variable mfg. overhead 80,000 Variable selling & general exp. 40,000 Fixed selling & general exp. 12,000 45,000 9 What was Product Z's unit cost under absorption costing? * (1 Point) Do not use money sign (P). Sample format: 1.11 Enter your answer 10 What was Product Z's unit cost under variable costing? * (1 Point) Do not use money sign (P). Sample format: 1.11 Enter your answer