Valix Finacc vol 2 Problem 1-33 and 34

Financial Accounting Volume 2 2008 Valix-Peralta
Chapter 1 Problem 1-33 and 34

Problem 1-33  Answer  A                                                                                       

Net sales (640,000 / 8%)                                                                                           8,000,000       

Problem 1-34  Answer  A

Normal defect (500 x P10,000 x 25%)                                                                    1,250,000

Significant defect (500 x P30,000 x 15%)                                                               2,250,000

                                                                                                                                      3,500,000