Caren corp produces 85,600 units for the year and sold 81,750 units at P22.30 per unit. Its practical activity was at 85,600units to calculate its predetermined overhead rate. Its manufacturing cost are, Materials=P504,184 Labor=P121,552 Expected and actual variable overhead=P379,208 Expected and actual fixed overhead=P460,528 Compute unit cost and finished goods inventory under absorption costing.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 8PA: Coops Stoops estimated its annual overhead to be $85,000 and based its predetermined overhead rate...
icon
Related questions
Topic Video
Question
Caren corp produces 85,600 units for the year and sold 81,750 units at P22.30 per unit. Its
practical activity was at 85,600units to calculate its predetermined overhead rate. Its
manufacturing cost are,
Materials=P504,184
Labor=P121,552
Expected and actual variable overhead=P379,208
Expected and actual fixed overhead=P460,528
Compute unit cost and finished goods inventory under absorption costing.
Transcribed Image Text:Caren corp produces 85,600 units for the year and sold 81,750 units at P22.30 per unit. Its practical activity was at 85,600units to calculate its predetermined overhead rate. Its manufacturing cost are, Materials=P504,184 Labor=P121,552 Expected and actual variable overhead=P379,208 Expected and actual fixed overhead=P460,528 Compute unit cost and finished goods inventory under absorption costing.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Performance measurements
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning