BSA Company manufactures product A with the following unit cost: materials, P15 and labor P25. Total conversion cost per unit is 80% of the total product cost. In January, 159,000 were produced and 138,000 units were sold at P120 each, what is the amount of gross profit?

BSA Company received a 10%, P750,000 promissory note from Customer A. From the date of the note to discount date, the carrying amount is P761,458.33. From the discount date to maturity date, there are are 85 days and the net proceeds is P757,090.28 after discounting at 12%. What is the term (in days) of the note? Use 360 days.

Answer rating: 100% (QA)

To calculate the gross profit we need to determine the cost of goods sold COGS and subtract it from ... View the full answer