. Accounting Apparel completed 3,600 expensive bags during the 1st quarter of the current year. The following costs per unit are presented below: Direct materials P200 Direct labor P180 Factory overhead, including P10 allowance for spoilage P180 Final inspection revealed that 600 bags were spoiled which were sold as export overrun at an amount equal to 40% of production costs. The good units were delivered and billed to the customer at 20% gross profit. If the spoilage is common to all jobs, the amount billed to the customer is:
. Accounting Apparel completed 3,600 expensive bags during the 1st quarter of the current year. The following costs per unit are presented below: Direct materials P200 Direct labor P180 Factory overhead, including P10 allowance for spoilage P180 Final inspection revealed that 600 bags were spoiled which were sold as export overrun at an amount equal to 40% of production costs. The good units were delivered and billed to the customer at 20% gross profit. If the spoilage is common to all jobs, the amount billed to the customer is:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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12. Accounting Apparel completed 3,600 expensive bags during the 1st quarter of the current year. The following costs per unit are presented below:
Direct materials P200
Direct labor P180
Factory overhead, including P10 allowance for spoilage P180
Final inspection revealed that 600 bags were spoiled which were sold as export overrun at an amount equal to 40% of production costs. The good units were delivered and billed to the customer at 20% gross profit.
If the spoilage is common to all jobs, the amount billed to the customer is:
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