Items 15 and 16 are based on the following data: SOL COMPANY's Job 501 for the manufacturing of 2,200 coats was completed during August 2011 at the following unit costs: Direct materials 20 Direct labor 18 Factory overhead (included an allowance of P 1 for spoiled work) 18 P 56 Final inspection of Job 501 disclosed 200 spoiled coats which were sold to a jobber for P 6,000 15. Assume that spoiled loss is charged attributable to exacting specification of Job 501 during August 2011. What would be the unit cost of the cood coats produced on Job 501? A P 55.00 P 58.00 C P 57.50 D P 56.00 16. Assume that the spoilage loss is charged to all production (or due to internal failure) during August. What would be the unit cost of the cood coats produced on Jbo 501? A P 53.00 P 55.00 C P 56.00 D P 58.60
Items 15 and 16 are based on the following data: SOL COMPANY's Job 501 for the manufacturing of 2,200 coats was completed during August 2011 at the following unit costs: Direct materials 20 Direct labor 18 Factory overhead (included an allowance of P 1 for spoiled work) 18 P 56 Final inspection of Job 501 disclosed 200 spoiled coats which were sold to a jobber for P 6,000 15. Assume that spoiled loss is charged attributable to exacting specification of Job 501 during August 2011. What would be the unit cost of the cood coats produced on Job 501? A P 55.00 P 58.00 C P 57.50 D P 56.00 16. Assume that the spoilage loss is charged to all production (or due to internal failure) during August. What would be the unit cost of the cood coats produced on Jbo 501? A P 53.00 P 55.00 C P 56.00 D P 58.60
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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HI KINDLY ANSWER ON THE ATTACHED FILE. THANK YOU SO MUCH :)
Transcribed Image Text:Items 15 and 16 are based on the following data:
SOL COMPANY's Job 501 for the manufacturing of 2,200 coats was completed during August 2011 at the following
228
229
230
unit costs:
231
Direct materials
P
20
232
Direct labor
18
233
Factory overhead (included an allowance of P 1 for spoiled work)
18
234
56
235
236
Final inspection of Job 501 disclosed 200 spoiled coats which were sold to a jobber for P 6,000
237
238
15.
Assume that spoiled loss is charged attributable to exacting specification of Job 501 during August 2011. What
would be the unit cost of the cood coats produced on Job 501?
A P 55.00
239
240
P 58.00
C P 57.50
P 56.00
241
242
16.
Assume that the spoilage loss is charged to all production (or due to internal failure) during August. What would
be the unit cost of the cood coats produced on Jbo 501?
A P 53.00
243
244
P 55.00
C P 56.00
D P 58.60
245
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