STANDARD COSTING MANUFACTURING COST (Answer format 10,000.00 in pesos and in kilos) Yoyot Plastic Bins plans to manufacture 5,000 bins during September. Each bins requires P2.50 kilos of plastic and 0.50 hours of direct labor. Plastic costs P1.80/kilo. Direct labor cost is P12.50 per hour and factory overhead is estimated at 46,875.00. Yoyot has 400 kilos of plastic in beginning inventory and desires to have 500 kilos of ending inventory. How many kilos of plastic should Yoyot plan to buy during September? How much manufacturing overhead will be charged to each plastic bin in September? What is the cost per unit of the bins produced in September?
STANDARD COSTING MANUFACTURING COST (Answer format 10,000.00 in pesos and in kilos) Yoyot Plastic Bins plans to manufacture 5,000 bins during September. Each bins requires P2.50 kilos of plastic and 0.50 hours of direct labor. Plastic costs P1.80/kilo. Direct labor cost is P12.50 per hour and factory overhead is estimated at 46,875.00. Yoyot has 400 kilos of plastic in beginning inventory and desires to have 500 kilos of ending inventory. How many kilos of plastic should Yoyot plan to buy during September? How much manufacturing overhead will be charged to each plastic bin in September? What is the cost per unit of the bins produced in September?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Yoyot Plastic Bins plans to manufacture 5,000 bins during September. Each bins requires P2.50 kilos of plastic and 0.50 hours of direct labor. Plastic costs P1.80/kilo. Direct labor cost is P12.50 per hour and factory
How many kilos of plastic should Yoyot plan to buy during September?
How much manufacturing overhead will be charged to each plastic bin in September?
What is the cost per unit of the bins produced in September?
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