What is the net income under the absorption costing

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Reference no: EM132837812

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: EM132837812

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