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Question - Nato Company was organized a year ago. The results of the company's first year of operations using the absorption costing method follow: Sales (40,000 units @ P33.75), P 1,350,000; Cost of goods manufactured (50,000 units @ 21), P 1,050,000; Ending inventory (10,000 units @ 21), P 210,000; Selling & administrative expenses, P420,000; Net Operating income, P90,000. The company's selling and administrative expenses consists of P300,000 per year in fixed expenses and P3.00 per unit sold in variable expenses. The product cost of P21 is computed as follows: Direct materials - P10.00; Direct labor - P4.00; Variable manufacturing overhead - P2.00; Fixed manufacturing overhead (P250,000/50,000 units) P5.00. Compute the operating income under variable costing.
Identify and describe the various costs-fixed and variable, direct and indirect-required to execute the project.
What percentage completion figure would result in increasing the reported net operating income by $62,500 over the net operating income
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The company then started and completed 33,600 units during the period. What is the cost per EUP for materials and conversion
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