1. Cebu Diamond manufactures a single product.For 2020, the company had sales of P500,000, variable costs of...
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1. Cebu Diamond manufactures a single product.For 2020, the company had sales of P500,000, variable costs of P150,000, and fixed costs of P300,000.Marquez expects its cost structure and sales price per unit to remain the same in 2021; however total sales are expected to jump by 5%.If the 2021 projections are realized, net income in 2021 should exceed net income in 2020.
2. New Worldwide produces three products from a joint process costing P150,000. The following information is available:
Related Book For
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
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