Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

MALILYTO CORPORATION has the following total and per unit-cost at 500,000-unit level of production: TOTAL Direct materials P 1,200,000 Direct labor Variable overhead ?

image text in transcribed

MALILYTO CORPORATION has the following total and per unit-cost at 500,000-unit level of production: TOTAL Direct materials P 1,200,000 Direct labor Variable overhead ? ? Fixed overhead 875,000 PER-UNIT ? P1.60 P1.45 ? The company expects to sell 350,000 of these units at P15 each to various customers next year. At this level of sales, net income under absorption costing amounted to P1,015,000. The actual production is the same as budgeted. This problem contains five questions. For supply-the-answer questions, please round off your final answer to the nearest whole number without comma, e.g. 258000. Assuming the same behavior of costs, determine the following: 1. Net income under variable costing 2. Net income under throughput costing 3. Selling and administrative expenses 4. Ending inventory under variable costing 5. Ending inventory under throughput costing

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

10th Edition

1119491630, 978-1119491637, 978-0470534793

More Books

Students also viewed these Accounting questions

Question

Find P20, the 20th percentile.

Answered: 1 week ago