1. If the manufacturer uses variable costing, the inventoriable costs for the fiscal year are 2. Using absorption (full) costing inventoriable costs are Transcribed Image Text: A manufacturer at the

1. If the manufacturer uses variable costing, the inventoriable costs for the fiscal year are 2. Using absorption (full) costing inventoriable costs are Transcribed Image Text: A manufacturer at the end of its fiscal year recorded the data below:
Prime costs
P 400,000
Variable Manufacturing overhead
50,000
Fixed manufacturing overhead
80,000
Variable selling and administrative expenses
30,000
Fixed selling and administrative expenses
20,000
Required:
1. If the manufacturer uses variable costing, the inventoriable costs for the fiscal year are
OP530,000
OP450,000
OP490,000
OP400,000
2. Using absorption (full) costing inventoriable costs are
OP530,000
OP450,000
OP400,000
OP490,000

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