2. Izzy Manufacturing Company has one product line - Product wZ. The business expects its sales volume this year is 44 000 units. In the manufacture of one unit of Product WZ, Izzy uses three types of direct raw materials as follows : Raw materials AA - Php 4.00 per unit Php 5.00 per unit Php 7.00 per unit Raw materials BB Raw materials CC Izzy Manufacturing Company needs 25 workers to make the 44 000 finished products. Based on the past year's performance, the workers will consume 30 days to finish the products. Each worker receives Php 700 a day. The manufacturing and overhead costs is Php 50 000. Required: Determine the raw materials requirement, the direct labor costs and the manufacturing and overhead costs.

2. Izzy Manufacturing Company has one product line - Product wZ. The business expects its sales volume this year is 44 000 units. In the manufacture of one unit of Product WZ, Izzy uses three types of direct raw materials as follows : Raw materials AA - Php 4.00 per unit Php 5.00 per unit Php 7.00 per unit Raw materials BB Raw materials CC Izzy Manufacturing Company needs 25 workers to make the 44 000 finished products. Based on the past year's performance, the workers will consume 30 days to finish the products. Each worker receives Php 700 a day. The manufacturing and overhead costs is Php 50 000. Required: Determine the raw materials requirement, the direct labor costs and the manufacturing and overhead costs.

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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