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with solution pls Abel Corp. manufactures a product that yields the by-product Yum.. The only costs associated with Yum are selling costs of P.10 for
with solution pls
Abel Corp. manufactures a product that yields the by-product "Yum.". The only costs associated with Yum are selling costs of P.10 for each unit sold. Abel accounts for sales of Yum by deducting Yum's separable costs from Yum's sales, and then deducting this net amount from the major product's cost of goods sold. Yum's sales were 100,000 units at P1.00 each. 4. If Abel changes its method of accounting for Yum's sales by showing the net amount as additional sales revenue, then Abel's gross margin would Increase by P 90,000 Increase by P 100,000 Increase by P 110,000 d. Be unaffected 5. If Abel changes its method of accounting for Yom's sales by showing the net amount as other income, then Abel's gross margin would Decrease by P 90,000 b. Increase by P 100,000 Increase by P 110,000 d. Be unaffected a. b. a Step by Step Solution
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