Integrity Company’s Job 1088 manufactured 13,750 units that were completed in February at unit costs presented as follows: Direct materials- P300 Direct labor- 270 Factory overhead (includes an allowance of P15 spoiled work)- P270 Final inspection of Job 1088 disclosed 1,250 spoiled units, which were sold for P225,000. What would be the unit selling price if the spoilage is attributable to exacting specifications of Job 1088 and the entity maintain a gross profit of 50%?
Integrity Company’s Job 1088 manufactured 13,750 units that were completed in February at unit costs presented as follows: Direct materials- P300 Direct labor- 270 Factory overhead (includes an allowance of P15 spoiled work)- P270 Final inspection of Job 1088 disclosed 1,250 spoiled units, which were sold for P225,000. What would be the unit selling price if the spoilage is attributable to exacting specifications of Job 1088 and the entity maintain a gross profit of 50%?
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter2: Accounting For Materials
Section: Chapter Questions
Problem 20E: Spoiled work Roger Company manufactures tennis clothing. During the month, the company cut and...
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Integrity Company’s Job 1088 manufactured 13,750 units that were completed in February at unit costs presented as follows:
Direct materials- P300
Direct labor- 270
Factory overhead (includes an allowance of P15 spoiled work)- P270
Final inspection of Job 1088 disclosed 1,250 spoiled units, which were sold for P225,000.
What would be the unit selling price if the spoilage is attributable to exacting specifications of Job 1088 and the entity maintain a gross profit of 50%?
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