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What is the net income using absorption

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Reference no: EM132628963

The following information has been extracted from the books of ALABAMA Corporation for its first year of operations:

Units produced 10,000

Units sold 7,000

Variable cost per unit:

Direct Materials P8.00

Direct Labor 9.00

Manufacturing Overhead 3.00

SG&A 4.00

Fixed cost:

Manufacturing Overhead P70,000

SG&A 30,000

Problem 1: What is the net income using absorption, variable, and throughput costing if the sales price is 100?

Reference no: EM132628963

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