Explanation not needed, just need the answers asap! CoursHeroTranscribedText: Below is extracted from the...
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Accounting
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CoursHeroTranscribedText: Below is extracted from the variable costing income statement of CONFUSED COMPANY for the year 2021: Units produced 100,000 Units sold 110,000 Beginning inventory (Units) 15,000 Variable costs per unit: Direct materials PB Direct labor 9 Factory Overhead 3 SGSA 4 Fixed costs: Factory overhead P5 per unit SG&A P200000 Selling price P50 per unit Additional information: Fixed overhead rate was determined using the normal capacity of 98,000 units. This problem contains five questions. For supplytheanswer questions, please round olir your final answer to the nearest whole number without comma, e. g. 258000. Compute for the following: 1. Volume variance 2. Net income under absorption costing 3. Net income under variable costing 4. Ending inventory balance under absorption costing 5. Breakeven point in revenue
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