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Statement under direct costing method
Maximum plant capacity 40,000 units
Normal Capacity 36,000 units Fixed factory overhead P54000 Fixed marketing & administrative expense P20000 Sales price per unit P10 Standard variance manufacturing cost per unit P4 Variable marketing expense per unit sold P1 For the year,the following data are available: Budgeted Production 36000 units Actual production 30000 units Sales 28000 units Finished goods inventory, January 1 1000 units Unfavorable variances from standard variable manufacturing costs P 5,000 |
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