Tools Company manufactures electric drills to the exacting specifications of various customers. During February 2014, Job 403 for the production of 1,100 drills was completed at the following cost per unit: Direct materials P100 Direct labor 80 Factory overhead Total 120 300 Final inspection of Job 403 disclosed 50 defective units and 100 units of normal spoilage. The defective drills were reworked at a total cost of P5,000 and the spoiled drills were sold to a jobber for P15,000. 17. The unit cost of the good units produced on Job 403 was: а. Р330 b. Р320 с. Р300 d. P290

Tools Company manufactures electric drills to the exacting specifications of various customers. During February 2014, Job 403 for the production of 1,100 drills was completed at the following cost per unit: Direct materials P100 Direct labor 80 Factory overhead Total 120 300 Final inspection of Job 403 disclosed 50 defective units and 100 units of normal spoilage. The defective drills were reworked at a total cost of P5,000 and the spoiled drills were sold to a jobber for P15,000. 17. The unit cost of the good units produced on Job 403 was: а. Р330 b. Р320 с. Р300 d. P290

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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