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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 ?
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
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