The traditional income statement prepared by LYN Shoals Manufacturer appears below. Sales P4,000,000 2,960,000 1,040,000 560,000...

 

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The traditional income statement prepared by LYN Shoals Manufacturer appears below. Sales P4,000,000 2,960,000 1,040,000 560,000 P 480,000 Cost of goods sold Gross profit Selling and administrative expenses Net income The company sold 8,000 units, variable manufacturing and selling costs per unit are P310 and P20 respectively. What is the gross profit? What is the contribution margin? What is the net income? What is the total variable cost? What is the total fixed cost? What is the total conversion cost? What is the total prime cost? What is the total manufacturing cost? What is the total period cost? The traditional income statement prepared by LYN Shoals Manufacturer appears below. Sales P4,000,000 2,960,000 1,040,000 560,000 P 480,000 Cost of goods sold Gross profit Selling and administrative expenses Net income The company sold 8,000 units, variable manufacturing and selling costs per unit are P310 and P20 respectively. What is the gross profit? What is the contribution margin? What is the net income? What is the total variable cost? What is the total fixed cost? What is the total conversion cost? What is the total prime cost? What is the total manufacturing cost? What is the total period cost?

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Sales 8000 units x P500 per unit P4000000 Variable manufacturing cost per unit P310 Variabl... View the full answer