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MANO Company produces a single product. Last year, ABC manufactured 17,000 units and sold 13,000 units. Production costs for the year were as follows: Direct Materials Direct Labor Variable manufacturing overhead Fixed manufacturing overhead Php153,000 110,000 204,000 255,000 Sales were Php780,000 for the year, variable selling and administrative expenses were Php88,400, and fixed selling and administrative expenses were Php170,000. There was no beginning inventory. Assume the direct labor is a variable cost. The contribution margin per unit was:

MANO Company produces a single product. Last year, ABC manufactured 17,000 units and sold 13,000 units. Production costs for the year were as follows: Direct Materials Direct Labor Variable manufacturing overhead Fixed manufacturing overhead Php153,000 110,000 204,000 255,000 Sales were Php780,000 for the year, variable selling and administrative expenses were Php88,400, and fixed selling and administrative expenses were Php170,000. There was no beginning inventory. Assume the direct labor is a variable cost. The contribution margin per unit was:

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management analysis
Section: Chapter Questions
Problem 5E: On April 30, the end of the first month of operations, Joplin Company prepared the following income...
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Additional information for Buena company:

Buena company manufactures a single product and has the following cost structure direct materials 72 

Additional Information for MANO company:

MANO Company produces a single product. Last year, ABC manufactures 17,000 units and sold 13,000 unit

MANO Company produces a single product. Last year, ABC manufactured 17,000 units and sold 13,000 units. Production costs for the year were as follows: Direct Materials Php153,000 110,000 Direct Labor Variable manufacturing overhead Fixed manufacturing overhead 204,000 255,000 Sales were Php780,000 for the year, variable selling and administrative expenses were Php88,400, and fixed selling and administrative expenses were Php170,000. There was no beginning inventory. Assume the direct labor is a variable cost. The contribution margin per unit was:
Transcribed Image Text:MANO Company produces a single product. Last year, ABC manufactured 17,000 units and sold 13,000 units. Production costs for the year were as follows: Direct Materials Php153,000 110,000 Direct Labor Variable manufacturing overhead Fixed manufacturing overhead 204,000 255,000 Sales were Php780,000 for the year, variable selling and administrative expenses were Php88,400, and fixed selling and administrative expenses were Php170,000. There was no beginning inventory. Assume the direct labor is a variable cost. The contribution margin per unit was:
Buena Company manufactures a single product and has the following cost structure: Variable costing per unit Direct Materials Php72 Direct labor 96 Variable manufacturing overhead Variable selling and administrative 24 48 Fixed Costs per month Fixed manufacturing overhead Fixed selling and administrative costs Php2,400,000 1,400,000 The Company produces 24,000 units each month Determine the unit product cost under variable costing
Transcribed Image Text:Buena Company manufactures a single product and has the following cost structure: Variable costing per unit Direct Materials Php72 Direct labor 96 Variable manufacturing overhead Variable selling and administrative 24 48 Fixed Costs per month Fixed manufacturing overhead Fixed selling and administrative costs Php2,400,000 1,400,000 The Company produces 24,000 units each month Determine the unit product cost under variable costing
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