17. O Company produces a single product. Last year, the company had anet operating income of P92,000 using absorption costing and a netoperating income of P98,600 using variable costing. If the fixedmanufacturing overhead cost was P3.00 per unit for the last two years,and if production was 18,000 units, then sales in units last year wereО а. 24,600b. 20,200с. 15,800d. 15,000

The Difference between absorpotion costing and Variable costing is that Variable considers complete…

Answered: then sales in units last year were

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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Similar questions

ABC Ltd. reports that its sales are growing at the rate of 1.25% per month. DEF Inc. reports sales increasing by 3.90% each quarter. What is each company's effective annual rate of sales growth? (Do not round intermediate calculations and round your final answers to 2 decimal places.)
The sportswear department had net sales of $550,000 last year, with markdowns of $35,000. This year plan sales are $575,000. If the buyer is planning the same percent of markdowns this year as last year what is the markdown dollars for this year?
Zephyr sales company has sales of 1.125 million. If the company's management expects sales to grow 6.5 percent annually, how long will it be before sales double?
Linear Technology had sales (all on credit) of $36 million and a gross profit margin of 30% last year. If Linear Technology's inventory averaged $3.9 million, and its accounts receivable were $5.0 million, what was the length of its operating cycle?
During the Post-WWII “Baby Boom” from 1946-1970, US GDP grew by an annualized _____ per year; in annualized percentage terms this is most likely the largest 25-year period of economic growth ever. (a) 2.3% (b) 3.2% (c) 6.7% (d) 7.6% (e) 9.2%
In this exercise, we develop a model for the growth rate G, in thousands of dollars per year, in sales of a product as a function of the sales level s, in thousands of dollars.† The model assumes that there is a limit to the total amount of sales that can be attained. In this situation, we use the term unattained sales for the difference between this limit and the current sales level. For example, if we expect sales to grow to 4 thousand dollars in the long run, then 4 − s gives the unattained sales. The model states that the growth rate G is proportional to the product of the sales level s and the unattained sales. Assume that the constant of proportionality is 0.8 and that the sales grow to 2 thousand dollars in the long run. (a) Find a formula for unattained sales.(b) Write an equation that shows the proportionality relation for G.G =
I need to find which year had the better performance . if : this years information : returns 8% with net sales of 756,000 last years information: returns 11.5% with gross sales of 875,000
The average seling price of a new vehicle in the United States last year was $64, 470. If the average price ten years earlier was $54, 700, what was the annual increase/decrease in the selling price over this time period?
4) Big Foot recorded a gross margin of 55% in last year. If cash discounts of the store were 2% while alteration costs were 1% of its net sales in last year, what was the maintained markup percentage Big Foot achieved in last year?
This year, ABC expects sales of $137,328,000 and a gross profit margin of 16 percent this year, along with an Inventory Turnover Ratio (COGS Basis) of 6.10. What is ABC's projected level of inventory, given these numbers?
What would the EBITDA of a typical year be if the sales price was lowered by 10%?
Will Walmart’s profit margin decrease in the next three years?

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