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ABC Company has the following data at the end of its fiscal year:               Prime costs                                                P 1,600,000               Variable manufacturing overhead              200,000               Fixed manufacturing overhead                   320,000               Variable selling and other expenses           160,000               Fixed selling and other expenses                  80,000 If ABC Company uses absorption costing, the product /manufacturing costs or inventoriable costs of the finished goods for the fiscal year would be?

ABC Company has the following data at the end of its fiscal year:               Prime costs                                                P 1,600,000               Variable manufacturing overhead              200,000               Fixed manufacturing overhead                   320,000               Variable selling and other expenses           160,000               Fixed selling and other expenses                  80,000 If ABC Company uses absorption costing, the product /manufacturing costs or inventoriable costs of the finished goods for the fiscal year would be?

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management analysis
Section: Chapter Questions
Problem 4BE
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  • ABC Company has the following data at the end of its fiscal year:

              Prime costs                                                P 1,600,000

              Variable manufacturing overhead              200,000

              Fixed manufacturing overhead                   320,000

              Variable selling and other expenses           160,000

              Fixed selling and other expenses                  80,000

If ABC Company uses absorption costing, the product /manufacturing costs or inventoriable costs of the finished goods for the fiscal year would be?

Group of answer choices
P 1,600,000
P 1,800,000
P 1,960,000
P 2,120,000
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