The following information was extracted from the first year absorption-based accounting records of Enigma Corporation Total fixed
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The following information was extracted from the first year absorption-based accounting records of Enigma Corporation
Total fixed costs incurred P100,000
Total variable costs incurred 50,000
Total period costs incurred 70,000
Total variable period costs incurred 30,000
Units produced 20,000
Units sold 12,000
Unit sales price P12
2. If Enigma Corporation had used variable costing in its first year of operations, how much income (loss) before income taxes would it have reported?
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Related Book For 
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
Posted Date:
