Question: solutions in excel format pls The following data are obtained from Gianna Manufacturing Company: . . Cost of goods manufactured is P187,500 Inventory variations are

solutions in excel format pls

solutions in excel format pls The following data are obtained from Gianna

The following data are obtained from Gianna Manufacturing Company: . . Cost of goods manufactured is P187,500 Inventory variations are as follows: raw materials ending inventory is 1/3 based on raw materials beginning; no initial inventory of work in process, but at the end of period P 12,500 was on hand; finished goods inventory was four times as large at the end of the period as at the start. Net income after taxes amounted to P 26,000, the income tax rate is 35% Purchases of raw materials amounted to net income before taxes Breakdown of costs incurred in manufacturing cost was as follows: - Raw materials consumed - 50% - Direct labor - 30% Manufacturing overhead - 20% . . The total amount of direct labor was O P60,000 OP90,000 OP100,000 240,000 The following data are obtained from Gianna Manufacturing Company: . . Cost of goods manufactured is P187,500 Inventory variations are as follows: raw materials ending inventory is 1/3 based on raw materials beginning; no initial inventory of work in process, but at the end of period P 12,500 was on hand; finished goods inventory was four times as large at the end of the period as at the start. Net income after taxes amounted to P 26,000, the income tax rate is 35% Purchases of raw materials amounted to net income before taxes Breakdown of costs incurred in manufacturing cost was as follows: - Raw materials consumed - 50% - Direct labor - 30% Manufacturing overhead - 20% . . The total amount of direct labor was O P60,000 OP90,000 OP100,000 240,000

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