For the year just ended, Lotlot Company had direct costs of P1 Million based on a production set up for the period. If the alternative set up were adopted, direct costs could have been P850,000. In addition, Lotlot fixed costs were P100,000. The incremental costs was P250,000 P150,000 P100,000 P50,000

For the year just ended, Lotlot Company had direct costs of P1 Million based on a production set up for the period. If the alternative set up were adopted, direct costs could have been P850,000. In addition, Lotlot fixed costs were P100,000. The incremental costs was P250,000 P150,000 P100,000 P50,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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