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hi can you answer this with solution please? thank you Variable Costing and Segment Reporting The following information pertaining to the following questions kacey Corporation
hi can you answer this with solution please? thank you
Variable Costing and Segment Reporting The following information pertaining to the following questions kacey Corporation incurred fixed manufacturing ncludes costs of P6,000 during 2016. Other information for 2016 The budget denominator level is 1,000 units Unit produced total 750 units. Unit sold total 600 units. Beginning inventory was zero. The company uses absorption costing and the fixed manufacturing cost rate is based on the budgeted denominators level. Manufacturing variances are closed to cost of goods sold. 8. Fixed manufacturing costs expensed on the income statement (excluding adjustments for variances) total a. P3,600 b. P4,800 c. P6,000 d. zero 9. Fixed manufacturing costs inctuded in ending inventory total a. P1,200 b. P1,500 c. P900 d. zero 10. The production-volume variance is b. P1,500 a. P2,000 c. P2,400 d. zero than operating income if using 11. Operating income using absorption costing wit be- variable costing. a. P2,400 higher b. P2,400 lower c. P900 higher d. P3600 lower ABC
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