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Determine the profit using absorption costing

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Reference no: EM133070116

Question - CVP ANALYSIS AND PRODUCT COSTING - Damit Company manufactures and sells a single product. Planned and actual production in its first operation was P90,000 units. Planned and actual costs for the year were as follows:

Manufacturing Variable = 540,000

Non manufacturing Variable = 450,000

Manufacturing Fixed =360,000

Non manufacturing Fixed = 270,000

The company sold 76,500 units for P20 each.

Required - Determine the profit using absorption costing?

Reference no: EM133070116

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