What is the net income under the absorption costing

Assignment Help Financial Accounting

Reference no: EM132822975

Question - A company has the following cost data: Fixed manufacturing costs - P2,000; Fixed selling, general, and administrative costs - P1,000; Variable selling costs per unit sold - P1; Variable manufacturing costs per unit - P2. Units produced - 100 units; Units sold - 90 units at P40 per unit. What is the net income under the absorption costing?

Reference no: EM132822975

Questions Cloud

Time of complexity and chaos in healthcare : Discuss how the Christian health administrator might practice servant leadership in a time of complexity and chaos in healthcare.

Community development context : Explain what 'duty of care' means in a community development context.

Find what amount should be balance of investment in pen inc : Faye Co. owned 20% of Pen Inc.'s preference share capital.What amount should be the balance of Investment in Pen Inc at the end of the end of the current year?

Explain major theories of effective change management : Organisational change, explain the major theories of effective change management and how these are implemented and evaluated - again use case studies

What is the net income under the absorption costing : Fixed selling, general, and administrative costs - P1,000; Variable selling costs per unit sold - P1; What is the net income under the absorption costing

Define software architecture : Define software architecture. Define and describe SOA. Compare and contrast a web page and a web service.

RBM5004 Leading and Managing Teams Assignment : RBM5004 Leading & Managing Teams Assignment Help and Solution, University of Bolton - Assessment Writing Service

What amount must be recognized by marian co as share : What amount must be recognized by Marian Co. as its share in the 2020 losses of the investee? On January 1, 2019, Marian Co. made cash advances of $2,000,000

What is the direct materials price variance : The standard price is $5 per pound. If 6,300 units used 42,300 pounds, which were purchased at $5.2 per pound, what is the direct materials (a) price variance

Reviews

Write a Review

Required(*) Message

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages