During August of the current year, Job 067 for 2,000 handsaws was completed at the following cost per unit: Direct materials Direct làbor 5.00 4,00 Factory overhead (applied at 150% of DLC) 6.00 Final inspection revealed 100 defective units, which were reworked at a cost of P2.00 per unit for direct labor plus overhead at the predetermined rate. 25. If the defect is due to internal failure, what is the total rework cost and to what account should it be charged? Rework cost P 200 Р 200 P 500 P 500 Account charged Work in process Factory overhead control Work in process Factory overhead control а. b. с. d.

During August of the current year, Job 067 for 2,000 handsaws was completed at the following cost per unit: Direct materials Direct làbor 5.00 4,00 Factory overhead (applied at 150% of DLC) 6.00 Final inspection revealed 100 defective units, which were reworked at a cost of P2.00 per unit for direct labor plus overhead at the predetermined rate. 25. If the defect is due to internal failure, what is the total rework cost and to what account should it be charged? Rework cost P 200 Р 200 P 500 P 500 Account charged Work in process Factory overhead control Work in process Factory overhead control а. b. с. d.

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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