Problem 3 Kyrie Company produces different sizes of basketballs. The following costs were incurred during the year. Materials Php 65,000.00 (Php 15,000.00 is indirect) Labor Php 70,000.00 (Php 18,000.00 is indirect) Factory overhead Php 95,000.00 (including indirect materials and indirect labor) Unit Produced 1,000 Sold 800 General and administrative expense Php 2,600.00 Office Salaries Php 18,600.00 4. Compute total period cost 5. If the selling price is Php 50.00 compute net income Please answer question 4 and 5
Problem 3
Kyrie Company produces different sizes of basketballs. The following costs were incurred during the year.
Materials Php 65,000.00 (Php 15,000.00 is indirect)
Labor Php 70,000.00 (Php 18,000.00 is indirect)
Factory
Unit Produced 1,000
Sold 800
General and administrative expense Php 2,600.00
Office Salaries Php 18,600.00
4. Compute total period cost
5. If the selling price is Php 50.00 compute net income
Please answer question 4 and 5
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