Question 20 1 pts The following data for the just-completed year are taken from the accounting records of Eccles Company: Costs incurred: PO100,000 Advertising expense Direct labor cost 90,000 132,000 80,000 56,300 35,000 9,000 Purchases of raw materials Rent, factory building Indirect labor Sales commissions Utilities, factory Maintenance, factory equipment Supplies, factory Depreciation, office equipment Depreciation, factory equipment 24,000 700 8,000 40,000 Inventories: Beginning of the Year End of the Year Raw Materials P 8,000 P10.000 Work-in- Process 5,000 20,000 Finished Goods 70,000 25,000 The cost of goods sold amounts to P210,000 P460,000 P415,000 P430,000 Question 21 1 pts Shelby Company has an available production capacity of 180,000 hours. This can be used to produce 3 products in any combination. The total fixed cost is P180,000. Other information are as follows: X Y Z Selling price P8 P23 P5 Variable expense 7 12 2 Number of Hours per unit 1 hour 10 hours 2 hours Market Limit 5.000 units 50,000 units Assuming the best decision was made, what would be the net operating income? P110,500 P55,000 P235,000 P50,000