A job order for 500 units of children's party giveaways were processed with costs of P80,000 and P30,000for direct materials and direct labor, respectively. Factory overhead was applied at 50% of direct labor costwhich excludes a 5% provision for spoilage. Prior to transfer to the storeroom, 25 units were found to bespoiled with an estimated market value of P50 per unit.Assuming that the 25 units were only defective and are not sold but instead reworked for total directmaterials cost of P375 and total direct labor cost of P500. What is the unit cost of the goods transferred tostoreroom if the rework costs are charged to the specific job? A job order for 500 units of children's party giveaways were processed with costs of P80,000 and P30,000for direct materials and direct labor, respectively. Factory overhead was applied at 50% of direct labor costwhich excludea a 5% provision for spoilage. Prior to transfer to the atoreroom, 25 unita were found to bespoiled with an estimated market value of P50 per unit.What is the unit cost of the goods transferred to the storeroom if the loss is charged to total production?

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A job order for 500 units of children's party giveawaya were processed with costs of P80,000 and P30,000 for direct materials and direct labor, respectively. Factory overhead was applied at 50% of direct labor cost which excludes a 5% provision for apoilage. Prior to transfer to the storeroom, 25 units were found to be spoiled with an estimated market value of P50 per unit. What is the unit cost of the gooda transferred to the atoreroom if the los is charged to total production?

A job order for 500 units of children's party giveawaya were processed with costs of P80,000 and P30,000 for direct materials and direct labor, respectively. Factory overhead was applied at 50% of direct labor cost which excludes a 5% provision for apoilage. Prior to transfer to the storeroom, 25 units were found to be spoiled with an estimated market value of P50 per unit. What is the unit cost of the gooda transferred to the atoreroom if the los is charged to total production?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 3PA: Pocono Cement Forms expects $900,000 in overhead during the next year. It does not know whether it...

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