1. What is the unit product cost under absorpotion costing?2. What is the unit product cost under variable costing? Everlasting Co. has the following data pertaining to its 1st quarterof operations:Activity level unitsProductionSalesFebruary10,0007,000MarchJanuary10,00010,00010,00011,000Cots incurred in the different areas of operation were as follows:PerunitPermonthP 20Direct MaterialsDirect Labor15Variable factoryoverheadFixed factory overheadVariable selling andadministrative12P60,000||Fixed selling andadministrative30,000Fixed factory overhead costs per month are based on thecompany's normal capacity of 10,000 units. The company sellsthe product at P75 per unit.

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Answered: 1. What is the unit product cost under…

Business

Accounting

1. What is the unit product cost under absorpotion costing? 2. What is the unit product cost under variable costing?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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