Final inspection of job 205 disclosed 600 spoiled coats, which were sold to a jobber for P600,000. What would be the unit cost of the good coats produced on job 205 assuming that spoilage loss is charged to all production? Attributable to exacting specifications of job 205? Barnabal Company's Job 205 for the manufacture of 6,600 coat was completedduring August 2016 at the following unit costs:Direct MaterialsDirect LaborP1,5001,000Factory Overhead (include an allowance of500P3.000P50 for spoiled work)

The question is based on the concept of Cost Accounting.

Barnabal Company's Job 205 for the manufacture of 6,600 coat was completed during August 2016 at the following unit costs: Direct Materials Direct Labor P1,500 1,000 Factory Overhead (include an allowance of 500 P3.000 P50 for spoiled work)

Barnabal Company's Job 205 for the manufacture of 6,600 coat was completed during August 2016 at the following unit costs: Direct Materials Direct Labor P1,500 1,000 Factory Overhead (include an allowance of 500 P3.000 P50 for spoiled work)

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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