V Company completed 375 units of customized jewelry. The product cost per unit: Direct materials P8,750 Direct labor 600 Factory overhead 1,200 10,550 However, upon quality inspection, 10 units were found to be spoiled. The spoiled goods are sold for P76,300. The spoilage is due to customer's preferences. All good items and spoiled items are sold. The mark-up for good items is 50% based on cost. How much is the sales revenue?

V Company completed 375 units of customized jewelry. The product cost per unit: Direct materials P8,750 Direct labor 600 Factory overhead 1,200 10,550 However, upon quality inspection, 10 units were found to be spoiled. The spoiled goods are sold for P76,300. The spoilage is due to customer's preferences. All good items and spoiled items are sold. The mark-up for good items is 50% based on cost. How much is the sales revenue?

V Company completed 375 units of customized jewelry. The product cost per unit: Direct materials P8,750 Direct labor 600 Factory overhead 1,200 10,550 However, upon quality inspection, 10 units were found to be spoiled. The spoiled goods are sold for P76,300. The spoilage is due to customer's preferences. All good items and spoiled items are sold. The mark-up for good items is 50% based on cost. How much is the sales revenue?

Principles of Accounting Volume 2

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 1MC: Active Frame, Inc., manufactures clear and tinted sport glasses. The manufacturing of clear glasses...

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V Company completed 375 units of customized jewelry.

The product cost per unit:

Direct materials P8,750

Direct labor 600

Factory overhead 1,200

10,550

However, upon quality inspection, 10 units were found to be spoiled.

The spoiled goods are sold for P76,300.

The spoilage is due to customer's preferences.

All good items and spoiled items are sold.

The mark-up for good items is 50% based on cost.

How much is the sales revenue?

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