How much is the product cost under variable costing

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Question - Kindly solve the requirements of Dindi management. SHOW COMPLETE SOLUTION

The related data of Dindi Company:

Unit sold 12,000

Units produced 10,000

Total direct materials P589,000

Total direct labor 325,000

Total variable overhead 375,000

Total fixed overhead 167,000

Total variable selling and administrative expenses 290,000

Total fixed selling and administrative expenses 123,000

Sales price per unit P225

Requirements -

1. How much is the product cost under Absorption costing?

2. How much is the NOI under Absorption costing?

3. How much is the product cost under variable costing?

4. How much is the NOI under Variable costing?

Reference no: EM132835987

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