PROBLEM 1 Kit Company manufactures a single product Unit variable production costs are P20 and fixed production costs are P150,000 Kit uses normal activity of 10,000 units Kit began the year with no inventory, produced 12,000 units, and sold 7,500 units What is the unit product cost under variable costing PROBLEM 2 Kit Company manufactures a single product Unit variable production costs are P20 and fixed production costs are P150,000 Kit uses normal activity of 10,000 units Kit began the year with no inventory, produced 12,000 units, and sold 7,500 units What is the unit product cost under absorption costing

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Question: PROBLEM 1 Kit Company manufactures a single product. Unit variable production costs are P20 and fixed production costs are P150,000. Kit uses normal activity of

PROBLEM 1

Kit Company manufactures a single product. Unit variable production costs are P20 and fixed production costs are P150,000. Kit uses normal activity of 10,000 units. Kit began the year with no inventory, produced 12,000 units, and sold 7,500 units.

What is the unit product cost under variable costing?

PROBLEM 2

What is the unit product cost under absorption costing?

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