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No. 2. IZZY Manufacturing Company has one product line - Product WZ. Last year, the company has sold 55,000 units at P40 per unit. Next year, the business expects to increase its sales volume by 10%. There are no beginning and ending inished goods inventories. a the manufacture of one unit of Product WZ, the company uses three types of direct raw materials as follows: aw materials AA - 4 units at P7.00 per unit aw Materials BB - 4 units at P8.00 per unit aw Materials CC -6 units at P9.00 per unit ere are no beginning and ending raw materials inventories

No. 2. IZZY Manufacturing Company has one product line - Product WZ. Last year, the company has sold 55,000 units at P40 per unit. Next year, the business expects to increase its sales volume by 10%. There are no beginning and ending inished goods inventories. a the manufacture of one unit of Product WZ, the company uses three types of direct raw materials as follows: aw materials AA - 4 units at P7.00 per unit aw Materials BB - 4 units at P8.00 per unit aw Materials CC -6 units at P9.00 per unit ere are no beginning and ending raw materials inventories

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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Please answer the first picture, the second picture is the example.
No. 2. IZZY Manufacturing Company has one product line - Product WZ. Last year, the company has sold 55,000 units at P40 per unit. Next year, the business expects to increase its sales volume by 10%. There are no beginning and ending finished goods inventories. In the manufacture of one unit of Product WZ, the company uses three types of direct raw materials as follows: Raw materials AA - 4 units at P7.00 per unit Raw Materials BB - 4 units at P8.00 per unit Raw Materials CC -6 units at P9.00 per unit There are no beginning and ending raw materials inventories
Transcribed Image Text:No. 2. IZZY Manufacturing Company has one product line - Product WZ. Last year, the company has sold 55,000 units at P40 per unit. Next year, the business expects to increase its sales volume by 10%. There are no beginning and ending finished goods inventories. In the manufacture of one unit of Product WZ, the company uses three types of direct raw materials as follows: Raw materials AA - 4 units at P7.00 per unit Raw Materials BB - 4 units at P8.00 per unit Raw Materials CC -6 units at P9.00 per unit There are no beginning and ending raw materials inventories
No.2 Schedule 1- Number of units to produce Number of units to sell 44,000.00 Add : Plan inventory level 0.00 Total estimated production cast 44,000 00 Less: beginning inventory O. 00 Estimated number of units to produce 44,000. 00 schedule 2 -Raw materials required for the production Material AA Material BB Material cc Number of urits to produce 44,000 44,000 44,000 MUltiply by: Number oper unit 2 Materials required for production 88,000 ৪१,००০ 132,000 Multiply by:Cast per unit 4 7. Cost to produce the product 352,000 니40,000 924,000 Recorded to fhourands 352,000 440,000 924,000
Transcribed Image Text:No.2 Schedule 1- Number of units to produce Number of units to sell 44,000.00 Add : Plan inventory level 0.00 Total estimated production cast 44,000 00 Less: beginning inventory O. 00 Estimated number of units to produce 44,000. 00 schedule 2 -Raw materials required for the production Material AA Material BB Material cc Number of urits to produce 44,000 44,000 44,000 MUltiply by: Number oper unit 2 Materials required for production 88,000 ৪१,००০ 132,000 Multiply by:Cast per unit 4 7. Cost to produce the product 352,000 니40,000 924,000 Recorded to fhourands 352,000 440,000 924,000
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