Ebi Company began business at the start of the current year. The company planned to produce 25,000 units, and actual production conformed to expectations. Sales totaled 22,000 units at P 30 each. Costs incurred were: Fixed manufacturing overhead P 150,000 Fixed selling and administrative cost 100,000 Variable manufacturing cost per unit 8 Variable selling and administrative cost per unit If there were no variances, how much was the company's absorption costing income? O P 220,000 O P 208,000

Ebi Company began business at the start of the current year. The company planned to produce 25,000 units, and actual production conformed to expectations. Sales totaled 22,000 units at P 30 each. Costs incurred were: Fixed manufacturing overhead P 150,000 Fixed selling and administrative cost 100,000 Variable manufacturing cost per unit 8 Variable selling and administrative cost per unit If there were no variances, how much was the company's absorption costing income? O P 220,000 O P 208,000

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 16DQ

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