XY Company manufactures and sells LCD monitor at P5000 each. The production officer reported the following: Sale price: P5000 per monitor direct materials cost: P1000 per unit direct labor cost: P550 per unit other overhead cost P950 per unit Fixed costs related to the production are also reported: salary of management: P200,000 rent for the factory: P150,000, other salaries: P140,000 depreciation of equipment: P12,000 Compute the total fixed cost

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter15: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 3CMA: A firm has 100,000 in direct materials costs, 50,000 in direct labor costs, and 80,000 in overhead....
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Management Science:

  1. XY Company manufactures and sells LCD monitor at P5000 each. The production officer reported the following:
  • Sale price: P5000 per monitor
  • direct materials cost: P1000 per unit
  • direct labor cost: P550 per unit
  • other overhead cost P950 per unit
  • Fixed costs related to the production are also reported:
  • salary of management: P200,000
  • rent for the factory: P150,000,
  • other salaries: P140,000
  • depreciation of equipment: P12,000

    Compute the total fixed cost
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