Job 456 manufactured 12,000 units that were completed in February at unit costs presented as follows: Direct materials P35 Direct labor 28 Factory overhead (includes an allowance of P15 Spoiled work) 29 Final inspection of Job 456 disclosed 125 spoiled units, which were sold for P22,500. What would be the unit cost of good units if the spoilage loss is attributable to exacting specifications of Job 001?
Job 456 manufactured 12,000 units that were completed in February at unit costs presented as follows: Direct materials P35 Direct labor 28 Factory overhead (includes an allowance of P15 Spoiled work) 29 Final inspection of Job 456 disclosed 125 spoiled units, which were sold for P22,500. What would be the unit cost of good units if the spoilage loss is attributable to exacting specifications of Job 001?
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter5: Process Cost Accounting—general Procedures
Section: Chapter Questions
Problem 8E: Argo Manufacturing Co. had 500 units, three-fifths completed, in process at the beginning of the...
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Job 456 manufactured 12,000 units that were completed in February at unit costs presented as follows:
Direct materials P35
Direct labor 28
Factory
Spoiled work) 29
Final inspection of Job 456 disclosed 125 spoiled units, which were sold for P22,500.
What would be the unit cost of good units if the spoilage loss is attributable to exacting specifications of Job 001?
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