For the year ended December 31, 2017, Waltz Company incurred the following costs on job number 007 for manufacturing 500 units: Original cost accumulation: Direct materials P800,000 Direct labor 500,000 Manufacturing 125,000 Direct costs of reworking 200 units Direct materials P320,000 Direct labor 200,000
For the year ended December 31, 2017, Waltz Company incurred the following costs on job number 007 for manufacturing 500 units: Original cost accumulation: Direct materials P800,000 Direct labor 500,000 Manufacturing 125,000 Direct costs of reworking 200 units Direct materials P320,000 Direct labor 200,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
What is the cost per unit of Job number 007 if the rework costs were attributable to the exacting specifications?
![For the year ended December 31,
2017, Waltz Company incurred the
following costs on job number 007
for manufacturing 500 units:
Original cost accumulation:
Direct materials
P800,000
Direct labor
500,000
Manufacturing
125,000
Direct costs of reworking 200 units
Direct materials
P320,000
Direct labor
200,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9d6a6936-fd73-4278-b803-16377492ebbe%2Fdc770de1-d6c0-4e56-84c4-feff49c8fb3f%2Ficpi0v_processed.jpeg&w=3840&q=75)
Transcribed Image Text:For the year ended December 31,
2017, Waltz Company incurred the
following costs on job number 007
for manufacturing 500 units:
Original cost accumulation:
Direct materials
P800,000
Direct labor
500,000
Manufacturing
125,000
Direct costs of reworking 200 units
Direct materials
P320,000
Direct labor
200,000
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