Question: Interim and segment reporting: The following are information from the books of Faith Company: Selling price per unit P1 Annual sales for the period (projected

Interim and segment reporting:

The following are information from the books of Faith Company: Selling price per unit P1 Annual sales for the period (projected and actual) 100,000 units @ P1 P100,000 Manufacturing costs Variable .10 per unit Fixed .20 per unit or P20,000 for the year Nonmanufacturing costs Variable 10 per unit Fixed 30 per unit or P30,000 for the year Sales for four (4) quarters and the year (projected and actual) were: Percent of sales 1 st Quarter P20,000 20% 2nd Quarter 5,000 5 3rd Quarter 10,000 10 4th Quarter 65,000 65 Total P100,000 100%

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