Ironman Company had a net income of P85,000 using variable costing and net income of P90,000 using absorption costing. Total fixed manufacturing overhead cost was P150,000, and production was 100,000

Ironman Company had a net income of P85,000 using variable costing and net income of P90,000 using absorption costing. Total fixed manufacturing overhead cost was P150,000, and production was 100,000 units. How did inventory level change during the activity? Select one: a. 3,000 units decrease b. 3,000 units increase c. 4,500 units increase d. 4,500 units decrease Wonder Woman Company produced 10,000 units and sold 9,000 units. Fixed manufacturing overhead costs were P20,000, and variable manufacturing overhead costs were P3 per unit. Which of the following best describes the net income under the absorption costing method? Select one: a. P5,000 less than the net income under the variable costing method b. P5,000 more than the net income under the variable costing method c. P2,000 more than the net income under the variable costing method d. P2,000 less than the net income under the variable costing method

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