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What is the value of maines ending inventory

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Reference no: EM132893517

The following information pertains to Maine Corporation:

Beginning inventory = 1,000 units

Ending inventory = 6,000 units

Direct labor per unit = Php40

Direct materials per unit = 20

Variable overhead per unit = 10

Fixed overhead per unit = 30

Variable selling and admin. costs per unit = 6

Fixed selling and admin. costs per unit = 14

Problem 1: What is the value of Maine's ending inventory using the absorption costing method?

a. Php240,000

b. Php360,000

c. Php600,000

d. Php420,000

Problem 2: Maine's Absorption costing income would be ____ variable costing income.

a. Php150,000 greater than

b. Php150,000 less than

c. Php240,000 less than

d. Php240,000 greater than

Problem 3: What is the value of Maines's ending inventory using the variable costing method?

a. Php240,000

b. Php360,000

c. Php350,000

d. Php420,000

Reference no: EM132893517

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