Condotti's Co's Job Order No. 205 for the manufacture of 6,600 coats was completed during August at the following unit costs: Direct Materials 1,500 Direct Labor 1,000 Factory Overhead (includes allowance of P50 for spoiled work) 500 3,000 Final inspection of Job No 205 disclosed 600 spoiled coats, which were sold to a jobber for P600,000. Assuming that spoilage loss is charged to all production, what would be the unit cost of the good coats produced on Job 205? What would be the unit cost of the good coats on Job 205?

Condotti's Co's Job Order No. 205 for the manufacture of 6,600 coats was completed during August at the following unit costs: Direct Materials 1,500 Direct Labor 1,000 Factory Overhead (includes allowance of P50 for spoiled work) 500 3,000 Final inspection of Job No 205 disclosed 600 spoiled coats, which were sold to a jobber for P600,000. Assuming that spoilage loss is charged to all production, what would be the unit cost of the good coats produced on Job 205? What would be the unit cost of the good coats on Job 205?

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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