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Answer questions 3 & 4 using the following information: Rebel Company manufactures a single product and has the following cost structure: Variable cost per unit Fixed Costs Production P5 Production P32,000 Selling & administrative 3 Selling & administrative 16,000 During the year, 8,000 units were produced, and 7,800 units were sold. 3. The carrying value of ending inventory under variable costing would be: present as is if higher or present it in comma if it is less ex: (200) Your answer 4. Under absorption costing, the cost of goods sold would be:

Answer questions 3 & 4 using the following information: Rebel Company manufactures a single product and has the following cost structure: Variable cost per unit Fixed Costs Production P5 Production P32,000 Selling & administrative 3 Selling & administrative 16,000 During the year, 8,000 units were produced, and 7,800 units were sold. 3. The carrying value of ending inventory under variable costing would be: present as is if higher or present it in comma if it is less ex: (200) Your answer 4. Under absorption costing, the cost of goods sold would be:

Managerial Accounting: The Cornerstone of Business Decision-Making
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 22BEA: Inventory Valuation under Variable Costing Refer to the data for Judson Company above. Required: 1....
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Answer questions 3 & 4 using the following information: Rebel Company manufactures a single product and has the following cost structure: Variable cost per unit Fixed Costs Production Production P32,000 Selling & administrative 3 Selling & administrative 16,000 During the year, 8,000 units were produced, and 7,800 units were sold. 3. The carrying value of ending inventory under variable costing would be: present as is if higher or present it in comma if it is less ex: (200) Your answer 4. Under absorption costing, the cost of goods sold would be: Your answer
Transcribed Image Text:Answer questions 3 & 4 using the following information: Rebel Company manufactures a single product and has the following cost structure: Variable cost per unit Fixed Costs Production Production P32,000 Selling & administrative 3 Selling & administrative 16,000 During the year, 8,000 units were produced, and 7,800 units were sold. 3. The carrying value of ending inventory under variable costing would be: present as is if higher or present it in comma if it is less ex: (200) Your answer 4. Under absorption costing, the cost of goods sold would be: Your answer
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