The Stukachi Corporation embarked on a promotional program whereby a T-shirt costing P150 each is given...
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The Stukachi Corporation embarked on a promotional program whereby a T-shirt costing P150 each is given away for every 100 bottle crowns returned plus P50. Stukachi Corporation estimates that only 40% of the bottle crowns in the hands of consumers will be presented for redemption. The following information are as follows: Bottles sold T-shirts bought for give away T-shirts distributed for customers What is the premium expense? Quantity Amount 1,000,000 P5,000,000 225,000 1,500 1,000 The Stukachi Corporation embarked on a promotional program whereby a T-shirt costing P150 each is given away for every 100 bottle crowns returned plus P50. Stukachi Corporation estimates that only 40% of the bottle crowns in the hands of consumers will be presented for redemption. The following information are as follows: Bottles sold T-shirts bought for give away T-shirts distributed for customers What is the premium expense? Quantity Amount 1,000,000 P5,000,000 225,000 1,500 1,000
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Answer Premium expense P 400000 Stepbystep explanation In the problem above the premium expense duri... View the full answer
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133392883
6th Canadian edition
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
Posted Date:
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