Berlin Company's manufacturing costs last year were as follows: Direct materials P300,000 Direct labor 400,000 Manufacturing overhead: Variable 80,000 Fixed 50,000 How much of these costs were variable in nature:

Berlin Company's manufacturing costs last year were as follows: Direct materials P300,000 Direct labor 400,000 Manufacturing overhead: Variable 80,000 Fixed 50,000 How much of these costs were variable in nature:

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 8MC: What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials,...

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Loanable Funds Theory

The loanable funds theory is a neoclassical theory that determines the interest rate where the demand for loanable investments and supply of loanable funds intersect. To determine the interest rate, this theory employs linear regression and a demand curve. At the equilibrium point, demand for borrowings and demand for the issuance of borrowing funds are inextricably linked. This point of equilibrium should equalize demand and the supply of money available for borrowing.

Question

100%

Berlin Company's manufacturing costs last year were as follows:
Direct materials
P300,000
Direct labor
400,000
Manufacturing overhead:
Variable
80,000
Fixed
50,000
How much of these costs were variable in nature:
O P780,000.
O P830,000.
O P700.000.
O P300,000.

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