REQUIRED: 1. Determine the total manufacturing overhead costs that Legaspi Company should incur next month. 2. Legaspi makes a product that has P20.00 in materials costs per unit. It requires two hours of labor time and 45 minutes of machine time. Laborers earn P20 per hour. What is the product's per unit variable manufacturing cost? 3. Suppose that labor time for the product is expected to increase 30 minutes. Machine time will remain the same. By how much would the per unit variable manufacturing cost increase?

REQUIRED: 1. Determine the total manufacturing overhead costs that Legaspi Company should incur next month. 2. Legaspi makes a product that has P20.00 in materials costs per unit. It requires two hours of labor time and 45 minutes of machine time. Laborers earn P20 per hour. What is the product's per unit variable manufacturing cost? 3. Suppose that labor time for the product is expected to increase 30 minutes. Machine time will remain the same. By how much would the per unit variable manufacturing cost increase?

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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