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Commute the standard cost of goods sold

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Question - Madison Industries manufactures a single product using standard costing. Variable production costs are P26 and fixed production costs are P250,000. Madison uses a normal activity of 12,500 units to set its standard costs. Madison began the year with 1,000 units in inventory, produced 11,000 units, and sold 11,500 units. Commute the standard cost of goods sold under variable costing?

Reference no: EM132540313

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