Isem Co.’s 2019 manufacturing costs were as follows: Direct materials and direct labor P700,000; Other variable manufacturing costs 100,000; Depreciation of factory building and manufacturing equipment 80,000; Other fixed manufacturing overhead 18,000. What amount should be considered product cost for external reporting purposes? A. P700,000 B. P800,000 C. P880,000 D. P898,000
Isem Co.’s 2019 manufacturing costs were as follows: Direct materials and direct labor P700,000; Other variable manufacturing costs 100,000; Depreciation of factory building and manufacturing equipment 80,000; Other fixed manufacturing overhead 18,000. What amount should be considered product cost for external reporting purposes? A. P700,000 B. P800,000 C. P880,000 D. P898,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Isem Co.’s 2019
labor P700,000; Other variable manufacturing costs 100,000;
factory building and manufacturing equipment 80,000; Other fixed
manufacturing
cost for external reporting purposes?
A. P700,000
B. P800,000
C. P880,000
D. P898,000
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