6. A factory engaged in the fabrication of an automobile part with production capacity of 700,000 units per year is only operating at 62% of capacity due to unavailability of the necessary foreign currency to finance the importation of the raw materials. The annual income is P430,000. Annual fixed cost is P190,000 and variable cost is PO.348 per unit. What is the current profit or loss?

6. A factory engaged in the fabrication of an automobile part with production capacity of 700,000 units per year is only operating at 62% of capacity due to unavailability of the necessary foreign currency to finance the importation of the raw materials. The annual income is P430,000. Annual fixed cost is P190,000 and variable cost is PO.348 per unit. What is the current profit or loss?

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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