Product Cost?
Based from the given data, answer the following questions. Show your computations.
G Toy Shop manufactures children's plush toys and incurred the following during the process: (The following are within one month of production with 980 total manufactured plush toys).
P 150,000 for materials such as cloth, pile textiles and stuffing materials
P 10,000 for threads and accessories
P 12,000 building rental
P 45,000 salaries of 5 factory workers
P 10,000 security guard salary
P 5,500
4) What is the amount of Direct labor?
a. P55,000
b. P10,000
c. P45,000
d. P0.00
5) What is the amount of Overhead Cost?
a. P20,000
b. P17,500
c. P25,500
d. P5,500
6) What is the amount of the Product Cost?
a. P242,500
b. P245,000
c. P232,500
d. 240,500
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