Case 16. Inutz Company is preparing interim financial statement for the first quarter ended March 31. Expenses in thefirst quarter totaled P5,000,000 of which 25% was variable. The fixed expenses included property tax for the year ofP1,600,000 and depreciation expense P800,000 for the year for an equipment that was available for use on January 1.16. What amount should be reported as total expenses for the first quarter ended March 31?5,000,000b. 2,600,0003,000,000d. 3,200,000а.с.

Case 16. Inutz Company is preparing interim financial statement for the first quarter ended March 31. Expenses in first quarter totaled P5,000,000 of which 25% was variable. The fixed expenses included property tax for the year o P1,600,000 and depreciation expense P800,000 for the year for an equipment that was available for use on January 16. What amount should be reported as total expenses for the first quarter ended March 31? 5,000,000 2,600,000 3,000,000 3,200,000 а. b. с. d.

Case 16. Inutz Company is preparing interim financial statement for the first quarter ended March 31. Expenses in first quarter totaled P5,000,000 of which 25% was variable. The fixed expenses included property tax for the year o P1,600,000 and depreciation expense P800,000 for the year for an equipment that was available for use on January 16. What amount should be reported as total expenses for the first quarter ended March 31? 5,000,000 2,600,000 3,000,000 3,200,000 а. b. с. d.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 19E: Schedule of cash payments for service company Horizon Financial Inc. was organized on February 28....

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