Question
please provide solution :--) During the month of November, ABC Inc. produced 1,000 units of Product A with costs as follows: Direct Materials P6,000 Direct
please provide solution :--)
During the month of November, ABC Inc. produced 1,000 units of Product A with costs as follows:
Direct Materials
P6,000
Direct Labor
P3,300
Variable Factory Overhead
P2,500
Fixed Factory Overhead
P1,500
Total Manufacturing Costs
P13,500
Selling and administrative costs incurred during the month were:
Variable selling and administrative
P3,000
Fixed Selling and administrative
2,000
Total
P5,000
Selling Price per UnitP 20.00
ABC Inc. uses the JIT system. It does not keep inventories in stock.
What amount should be considered product cost forexternal reporting purposes?
Select one:
P13.30
P18.30
P11.80
P14.80
What is the variable costing per unit for purposes of computing thecontribution margin?
Select one:
P13.30
P18.30
P11.80
P14.80
Under absorption costing, income for November 2020 was
Select one:
P 8,200
P5,200
P6,700
P1,700
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