Last Year, Omegle Company produced 25,000 juicers and sold 26,500 juicers for P60 each. The actual variable unit cost is as follows: Direct materials P16.00 Direct labor 5.30 Variable overhead 2.90 Variable selling expense Total unit variable cost P26.60 2.40 Fixed overhead was P320,000. Fixed selling expenses consisted of advertising copayments totaling P110,000. Fixed administrative expenses were P236,000. There were no beginning and ending work-in-process inventories. Beginning finished goods inventory was P148,000 for 4,000 juicers. 2. The value of ending inventory reports on the financial statements were? 3. The gross margin percentage for last year was?

Last Year, Omegle Company produced 25,000 juicers and sold 26,500 juicers for P60 each. The actual variable unit cost is as follows: Direct materials P16.00 Direct labor 5.30 Variable overhead 2.90 Variable selling expense Total unit variable cost P26.60 2.40 Fixed overhead was P320,000. Fixed selling expenses consisted of advertising copayments totaling P110,000. Fixed administrative expenses were P236,000. There were no beginning and ending work-in-process inventories. Beginning finished goods inventory was P148,000 for 4,000 juicers. 2. The value of ending inventory reports on the financial statements were? 3. The gross margin percentage for last year was?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 25E: Last year, Orsen Company produced 25,000 juicers and sold 26,500 juicers for 60 each. The actual...

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