ABC Company Job 101 for the manufacture of 2,200 coats, which was completed during October at the unit costs presented below. Final inspection of Job 101 disclosed 200 spoiled coats which were sold to a jobber for P8,000. Direct materials - P20; Direct labor - P18; Factory overhead (includes an allowance of P1 for spoiled work)-P18. Assume that spoilage loss is charged to all production during October. What would be the unit cost for the good coats produced on Job 101?
ABC Company Job 101 for the manufacture of 2,200 coats, which was completed during October at the unit costs presented below. Final inspection of Job 101 disclosed 200 spoiled coats which were sold to a jobber for P8,000. Direct materials - P20; Direct labor - P18; Factory overhead (includes an allowance of P1 for spoiled work)-P18. Assume that spoilage loss is charged to all production during October. What would be the unit cost for the good coats produced on Job 101?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ABC Company Job 101 for the manufacture of 2,200 coats, which was completed during October at the unit costs presented below. Final inspection of Job 101 disclosed 200 spoiled coats which were sold to a jobber for P8,000.
Direct materials - P20; Direct labor - P18; Factory overhead (includes an allowance of P1 for spoiled work)-P18.
Assume that spoilage loss is charged to all production during October. What would be the unit cost for the good coats produced on Job 101?
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