How much is the income uning variable costing

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Problem

ABC Co. had been using absorption costing to value its inventory. Below are relevant data for 2024 when it adoptied variable costing: Variable Fixed Manufacturing costs P20/unit P600,000 Operating expenses P10/unit 400,000 Planned and actual production for 2024 is 200,000 units. Beginning inventory was 100,000 of which $40,000 is fixed overhead. Get the instant assignment help. During 2024, ABC Co. sold 120,000 units at 40 per unit. How much is the income uning variable costing?

Reference no: EM133976111

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