Condotti Company's Job 205 for the manufacture of 6,600 units coats completed during August 20x8 at the following unit costs: Direct materials. .P 1,500 Direct labor.. 1,000 Factory overhead (include an allowance of P50 for spoiled work). 500 P 3,000 Assume that the spoilage loss is attributable to the exacting specifications or chargeable to a particular job. What would be the unit cost of the product produced on Job 205? O P2,950 O P3,145 O P2,900 O P3,000

Condotti Company's Job 205 for the manufacture of 6,600 units coats completed during August 20x8 at the following unit costs: Direct materials. .P 1,500 Direct labor.. 1,000 Factory overhead (include an allowance of P50 for spoiled work). 500 P 3,000 Assume that the spoilage loss is attributable to the exacting specifications or chargeable to a particular job. What would be the unit cost of the product produced on Job 205? O P2,950 O P3,145 O P2,900 O P3,000

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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The following costs have been identified in relation to the production of a product except : Production Cost Design cost Direct cost End of life disposal cost
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
5. Production units that are severely damaged in manufacturing operations and cannot be corrected with further processing are categorized as________ a. Scrap b. Spoilage c. Damaged d. Waste
The opportunity cost of making a component part in factory with excess capacity for which is no alternative use is: A. Zero B. Total production costs of the component C. Total variable cost of the component D. Fixed manufacturing costs of the component
What features of the cost accounting system would be expected to prevent the omission ofrecording materials used in production?
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Abnormal spoilage in a manufacturing process should be charged to Select the correct response: accumulated profit or loss manufacturing overhead applied profit or loss manufacturing overhead control
Which of the following is/are not true about Committed costs a. They are costs incurred to maintain a company's facilities. b. They are costs over which the management has little or no discretion. c. Depreciation, Insurance, Taxes etc are examples of committed costs. d. They are also known as Programmed costs.