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The traditional income statement prepared by LYN Shoals Manufacturer appears below. Sales P4,000,000 2,960,000 1,040,000 560,000 P 480,000 Cost of goods sold Gross profit
The traditional income statement prepared by LYN Shoals Manufacturer appears below. Sales P4,000,000 2,960,000 1,040,000 560,000 P 480,000 Cost of goods sold Gross profit Selling and administrative expenses Net income The company sold 8,000 units, variable manufacturing and selling costs per unit are P310 and P20 respectively. What is the gross profit? What is the contribution margin? What is the net income? What is the total variable cost? What is the total fixed cost? What is the total conversion cost? What is the total prime cost? What is the total manufacturing cost? What is the total period cost?
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Managerial Accounting
Authors: Ray Garrison, Theresa Libby, Alan Webb
9th canadian edition
1259269477, 978-1259269479, 978-1259024900
