AAV Company's Job 168 for the manufacture of 2,500 coats in August was completed with a cost per unit of P120 net of allowance for spoilage of P5. The direct labor rate for the job amounted to P20 per direct labor hour. The total cost of direct materials used for Job 168 amounted to P150,000. The records revealed that one-half hour is needed in producing a unit of product. Final inspection of Job 168 revealed that 300 coats are spoiled and these are sold for P20,000. 1. If the spoilage is charged to specific job, what is the cost per unit of Job 168?

AAV Company's Job 168 for the manufacture of 2,500 coats in August was completed with a cost per unit of P120 net of allowance for spoilage of P5. The direct labor rate for the job amounted to P20 per direct labor hour. The total cost of direct materials used for Job 168 amounted to P150,000. The records revealed that one-half hour is needed in producing a unit of product. Final inspection of Job 168 revealed that 300 coats are spoiled and these are sold for P20,000. 1. If the spoilage is charged to specific job, what is the cost per unit of Job 168?

Name: 4. AAV Company's Job 168 for the manufacture of 2,500 coats in August
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Description: 4. AAV Company's Job 168 for the manufacture of 2,500 coats in August was completed with a cost perunit of P120 net of allowance for spoilage of P5. The direct labor rate for the job amounted to P20 perdirect labor hour. The total cost of direct mat

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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