During Year 2, XYZ Inc. reported an absorption costing income from operations of $100,000. The following information is given to you with respect to XYZ’s Year 2 activity:- Beginning Inventories: 10,000 units (including $3 of fixed overhead per unit).- During Year 2, XYZ Inc. produced and sold 90,000 and 85,000 units respectively.- Fixed overhead per unit on units produced during Year 2 amounted to $2.50 per unit.- XYZ employs a FIFO (First-in First-out) approach to inventory sales.Based on the information provided, variable costing income from operations would have been:Select one:a. $92,500.b. $137,500.c. $117,500.d. $112,500.

Q1. XYZ Corporation operates in the retail sector and provides the following financial information for the fiscal year 2023: Net Sales: $3,000,000 Cost of Goods Sold (COGS): $1,500,000 Operating Expenses: $500,000 Total Assets: $5,000,000 Total Liabilities: $2,000,000 Shareholders Equity: $3,000,000 Earnings Before Interest and Taxes (EBIT): $1,000,000 Interest Expense: $200,000 Taxes: $250,000 Earnings Per Share (EPS): $5 Price-Earnings (P/E) Ratio: 20 Calculate the following financial ratios for XYZ Corporation: Gross Profit Margin Operating Profit Margin Net Profit Margin Return on Assets (ROA) Return on Equity (ROE)

As of 2022, XYZ Corporation has saved up a total of $500,000. This money represents all the earnings the company has made since it started in 2010. They considered everything - like costs for running the business, taxes they had to pay, and money set aside for future needsin this earning did they include expenses tax payment or did they not included it

XYZ Corporation, which commenced operations on August 1, employs a job order costing system. Overhead is charged at a normal rate of ₱2.50 per direct labor hour. The actual operations for the month of August are summarized as follows: a. Purchases of raw material, 25,000 pieces @ ₱1.20/piece. b. Material and labor costs charged to production: Job No. Units Material Direct labor cost Direct labor hours 101 10,000 ₱4,000 ₱6,000 3,000 102 8,800 3,600 5,400 2,700 103 16,000 7,000 9,000 4,500 104 8,000 3,200 4,800 2,400 105 20,000 8,000 3,600 1,800 c. Actual overhead costs incurred: Variable ₱18,500 Fixed 15,000 d. Completed jobs: 101, 102, 103, and 104 e. Sales—₱105,000. All units produced on Jobs 101, 102, and 103 were sold. Required: Compute the following balances on August 31: a. Material inventory b. Work in process inventory c. Finished goods inventory d. Cost of goods sold e. Under- or overapplied overhead

XYZ Ltd. has supplied you the following information in respect of one of its products:Total fixed costs Rs. 18,000Total variable costs Rs. 30,000Total sales Rs. 60,000Unit sold  20,000Calculate the volume of sales to earn a profit of Rs. 24,000

At the end of 2016, the total assets of XYZ Store amounted to P650, 000, 40% of which is current. Total liabilities are P120, 000. During the year, the company registered total revenue of P850, 000, cost of goods sold is 40% and selling and general expenses are 20%.Selling and general expenses amounted toSelect one:a.P170,000b.P68,000c.P200,000d.P102,000