ISQUID Corp. has provided the following data from its activity-based costing system: Activity Cost Pool Inspection Processing Orders Assembly Total Activity 1,410 inspection hours 1,600 orders 28,000 machine hours Total Cost P82,767 P60,896 P436,240 The Company makes 230 units of product of WD40 a year, requiring a total of 480 machine-hour, 50 orders, and 30 inspection-hours per year. The product's direct materials costs are P12.70 er unit and its direct labor cost is P45.93 per units. The product sells for P126.60 per unit. Using activity-based costing system, compute the product margin of WD40 per unit.
ISQUID Corp. has provided the following data from its activity-based costing system: Activity Cost Pool Inspection Processing Orders Assembly Total Activity 1,410 inspection hours 1,600 orders 28,000 machine hours Total Cost P82,767 P60,896 P436,240 The Company makes 230 units of product of WD40 a year, requiring a total of 480 machine-hour, 50 orders, and 30 inspection-hours per year. The product's direct materials costs are P12.70 er unit and its direct labor cost is P45.93 per units. The product sells for P126.60 per unit. Using activity-based costing system, compute the product margin of WD40 per unit.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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