Additional information:200,000 unitsP50.00 selling price Please help me answer all the requirements. Thank you 1. Benguet Corp. has the following data pertaining to itsonly product:Direct MaterialsP 10.00/ unitP 8.00 / unitVariable Overhead P 9.00/unitDirect LaborFixed OverheadP 200,000/ yearVariable Selling & Admin. P 5.00/ unitFixed Selling & Admin. P 150,000 /year*The company was able to produce 100,000 Uunits and sell90,000 units during its first year of operation.1. Compute the product cost per unit using (a)Throughput Costing; (b) Variable Costing; (c)Absorption Costing2. Compute the ending inventory values using (a)Throughput Costing; (b) Variable Costing; (c)Absorption Costing3. Compute the net income using (a) ThroughputCosting; (b) Variable Costing; (c) AbsorptionCostingReconcile the net income under variabsorption costing.4.le and

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1. Benguet Corp. has the following data pertaining to its only product: Direct Materials P 10.00 / unit P 8.00 / unit Variable Overhead P9.00/ unit P 200,000 / year Variable Selling & Admin. P 5.00/ unit Fixed Selling & Admin. P 150,000/ year *The company was able to produce 100,000 units and sell 90,000 units during its first year of operation. Direct Labor Fixed Overhead 1. Compute the product cost per unit using (a) Throughput Costing; (b) Variable Costing; (c) Absorption Costing 2. Compute the ending inventory values using (a) Throughput Costing; (b) Variable Costing; (c) Absorption Costing 3. Compute the net income using (a) Throughput Costing; (b) Variable Costing; (c) Absorption Costing

1. Benguet Corp. has the following data pertaining to its only product: Direct Materials P 10.00 / unit P 8.00 / unit Variable Overhead P9.00/ unit P 200,000 / year Variable Selling & Admin. P 5.00/ unit Fixed Selling & Admin. P 150,000/ year *The company was able to produce 100,000 units and sell 90,000 units during its first year of operation. Direct Labor Fixed Overhead 1. Compute the product cost per unit using (a) Throughput Costing; (b) Variable Costing; (c) Absorption Costing 2. Compute the ending inventory values using (a) Throughput Costing; (b) Variable Costing; (c) Absorption Costing 3. Compute the net income using (a) Throughput Costing; (b) Variable Costing; (c) Absorption Costing

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...

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