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Colger Company manufactures a single product using standard costing.Variable production costs are P12 and fixed production costs are P125,000.Colger uses a normal activity of 12,500
Colger Company manufactures a single product using standard costing.Variable production costs are P12 and fixed production costs are P125,000.Colger uses a normal activity of 12,500 units to set its standard costs.Colger began the year with 1,000 units in inventory, produced 11,000 units, and sold 11,500 units.The standard costs of goods sold under absorption costing would be
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