Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The peso value of the company's inventory on May 31 nunder the absorption costing method would be? 2.Under absorption costing for the month ended May
The peso value of the company's inventory on May 31 nunder the absorption costing method would be?
2.Under absorption costing for the month ended May 31, 2006, the Company's profit or loss is? 43.
3. Total cost at break-even point would be?
Use the following information to answer questions 41 to 43: Crystal Company Income statement for the month ended May 30, 2006 is as follows: Sales (P10 per unit) Less Variable Costs: Variable cost of goods sold: Beginning inventory Variable cost of goods manufactured Goods available for sale Less: Ending inventory Variable cost of goods sold Variable Selling Expense Contribution margin Fixed costs: Manufacturing Selling and administrative Net income 900,000 125,000 400,000 525,000 75,000 450,000 90,000 540,000 360,000 240,000 90,000 330,000 30,000 During May 2006, 80,000 units were manufacture. Variable production costs have remained constant on a per unit basis over the past several months.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started