Remedios Corporation's 2021 manufacturing costs were as follows: Prime cost P 600,000 100,000 Variable manufacturing overhead costs 80,000 Depreciation of factory building and equipment 100,000 Factory supervisor's salary 60,000 Other fixed factory overhead What amount should be considered product cost for external reporting purposes? OP 784,000 O P 300,000 OP 744,000 O P 940,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Remedios Corporation's 2021 manufacturing costs were as follows:
Prime cost
P 600,000
Variable manufacturing overhead costs
100,000
80,000
Depreciation of factory building and equipment
Factory supervisor's salary
100,000
60,000
Other fixed factory overhead
What amount should be considered product cost for external reporting
purposes?
O P 784,000
O P 300,000
O P 744,000
O P 940,000
Transcribed Image Text:Remedios Corporation's 2021 manufacturing costs were as follows: Prime cost P 600,000 Variable manufacturing overhead costs 100,000 80,000 Depreciation of factory building and equipment Factory supervisor's salary 100,000 60,000 Other fixed factory overhead What amount should be considered product cost for external reporting purposes? O P 784,000 O P 300,000 O P 744,000 O P 940,000
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