The following information was extracted from the first-year absorption-based accounting records of Enigma Corporation

Total fixed costs incurredP100, 000Total variable costs incurred50, 000Total period costs incurred70, 000Total variable period costs incurred30, 000Units produced20, 000Units sold12, 000Unit sales priceP12

25. Refer to Enigma Corporation, what is cost of goods sold for Enigma Corporation's first year?a. P48, 000c. P90, 000b. P80, 000d. can't be determined from the given information

Skyline Company had a net income of P90, 000 using variable costing and net income of P85, 500 using absorption costing method. Total fixed manufacturing overhead cost was P150, 000 and production was100, 000 units. Between the beginning and end of the year, the inventory levela. Increased by 4, 500 unitsc. Increased by 3, 000b. Decreased by 4, 500 unitsd. Decreased by 3, 000 units

22. Blue company manufactures a single product. Unit variable production costs are P20 and fixed production costs are P150, 000. Blue uses normal activity of 10, 000 units to set its standard costs. Blue began the year with no beginning inventory, produced 11, 000 units and sold 10, 500 units. Ending inventory under variable costing isa. P10, 000c. P17, 500b. P15, 000d. P20, 000

23. BLUER-THAN-BLUE COMPANY had P100, 000 income using absorption costing. The company has no variable manufacturing costs. Beginning inventory was P15, 000 and ending inventory was P22, 000. Income under variable costing would have been a. P78, 000c. P100, 000b. P93, 000d. P107,000

24. In the Pines Company, sales are P800, 000, cost of goods sold under absorption costing is P600, 000 and total operating expenses are P120, 000. If cost of goods sold is 70% variable and total operating expenses are 60% fixed, what is the contribution margin under variable costing?a. P260, 000c. P332, 000b. P308, 000d. P380, 000