Accounting Apparel completed 3,600 expensive bags during the 1st quarter of the current year.  The following costs per unit are presented below:

Direct materials P200
Direct labor P180
Factory overhead, including P10 allowance for spoilage P180

Final inspection revealed that 600 bags were spoiled which were sold as export overrun at an amount equal to 40% of production costs. The good units were delivered and billed to the customer at 20% gross profit.

If the spoilage is common to all jobs, the amount billed to the customer is?

 

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Using ABC, the total manufacturing costs for product Regular is? Victorious Company manufactures two types of Electronic Toy, the Regular and SuperPro. The following data have been obtained: Direct material cost per unit Direct labor cost per unit Direct labor hours Machine hours Engineering hours Number of set ups Number of units Regular P33 P32 Overhead Cost Item Setup costs Engineering costs Machine costs 12,000 2,000 450 5 8,000 Currently, overhead costs are assigned to products on the basis of direct labor hours, but the company decided to adopt the ABC method of cost allocation. The overhead consists of the following items: Super Pro P38 P44 3,000 4,000 450 20 2,200 Cost Driver No. of setups No. of engineering hours No. of machine hours Amount P250,000 180,000 900,000 Using ABC, the total manufacturing costs for product Regular is? Victorious Company manufactures two types of Electronic Toy, the Regular and SuperPro. The following data have been obtained: Direct material cost per unit Direct labor cost per unit Direct labor hours Machine hours Engineering hours Number of set ups Number of units Regular P33 P32 Overhead Cost Item Setup costs Engineering costs Machine costs 12,000 2,000 450 5 8,000 Currently, overhead costs are assigned to products on the basis of direct labor hours, but the company decided to adopt the ABC method of cost allocation. The overhead consists of the following items: Super Pro P38 P44 3,000 4,000 450 20 2,200 Cost Driver No. of setups No. of engineering hours No. of machine hours Amount P250,000 180,000 900,000 Using ABC, the total manufacturing costs for product Regular is? Victorious Company manufactures two types of Electronic Toy, the Regular and SuperPro. The following data have been obtained: Direct material cost per unit Direct labor cost per unit Direct labor hours Machine hours Engineering hours Number of set ups Number of units Regular P33 P32 Overhead Cost Item Setup costs Engineering costs Machine costs 12,000 2,000 450 5 8,000 Currently, overhead costs are assigned to products on the basis of direct labor hours, but the company decided to adopt the ABC method of cost allocation. The overhead consists of the following items: Super Pro P38 P44 3,000 4,000 450 20 2,200 Cost Driver No. of setups No. of engineering hours No. of machine hours Amount P250,000 180,000 900,000 Using ABC, the total manufacturing costs for product Regular is? Victorious Company manufactures two types of Electronic Toy, the Regular and SuperPro. The following data have been obtained: Direct material cost per unit Direct labor cost per unit Direct labor hours Machine hours Engineering hours Number of set ups Number of units Regular P33 P32 Overhead Cost Item Setup costs Engineering costs Machine costs 12,000 2,000 450 5 8,000 Currently, overhead costs are assigned to products on the basis of direct labor hours, but the company decided to adopt the ABC method of cost allocation. The overhead consists of the following items: Super Pro P38 P44 3,000 4,000 450 20 2,200 Cost Driver No. of setups No. of engineering hours No. of machine hours Amount P250,000 180,000 900,000

Answer rating: 100% (QA)

Part 1 To calculate the amount billed to the customer we can start by calculating the total cost of producing the 3600 bags Direct materials cost P200 ... View the full answer