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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

FINANCIAL ACCOUNTING
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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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
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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