PROCESS 1- ACTIVITY IWAN Company started its operations for the year 2022 in the month of May. The company has three departments for manufacturing one product continuously. The departments are Cutting Department, Assembly Department, and Finishing Department. The production started in cutting department for 10,000 units. The following pertains for the current month production: IP, End 2,000 units (60% completed) and Completed and Transferred Out 8,000 units Cost incurred for the month are Direct Materials P10,000, Direct Labor P12,000, and FOH-A P12,000 A. Solve for the following: 1. EUP for Material 8. Total Cost as Accounted 4. Unit cost for Direct Labor 5. Unit Cost for FOH-A 6. Cost Allocated for IP, End 7. Cost Allocated for CTO 2. EUP for Conversion Cost 3. Unit Cost for Direct Material
PROCESS 1- ACTIVITY IWAN Company started its operations for the year 2022 in the month of May. The company has three departments for manufacturing one product continuously. The departments are Cutting Department, Assembly Department, and Finishing Department. The production started in cutting department for 10,000 units. The following pertains for the current month production: IP, End 2,000 units (60% completed) and Completed and Transferred Out 8,000 units Cost incurred for the month are Direct Materials P10,000, Direct Labor P12,000, and FOH-A P12,000 A. Solve for the following: 1. EUP for Material 8. Total Cost as Accounted 4. Unit cost for Direct Labor 5. Unit Cost for FOH-A 6. Cost Allocated for IP, End 7. Cost Allocated for CTO 2. EUP for Conversion Cost 3. Unit Cost for Direct Material
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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