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What amount should be reported as total expenses

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Problem 1: Webb Company is preparing its interim financial statements for the first quarter ended March 31, 2019. Expenses in the first quarter totaled P4,000,000 of which 25% was variable. The fixed expenses included television advertising expense of P1,500,000 representing air time to be incurred evenly during 2019, and depreciation expense of P600,000 for 2019 for an equipment that was available use on March 1, 2019. What amount should be reported as total expenses in the first quarter ended March 31, 2019?

a. 4,000,000

b. 2,875,000

c. 2,325,000

d. 2,335,000

 

Reference no: EM132769537

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