the following costs incurred during the fortnight that just ended: * 12,180 units of which 90%...

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the following costs incurred during the fortnight that just ended: * 12,180 units of which 90% sold * Materials Lps 981,920.00 of which 2/6 are indirect materials. *Labor Lps 260,000.00 of which 1/3 is indirect labor. * Total indirect manufacturing costs Lps 429,000.00 *Distribution costs 2% of operating costs. * Marketing costs Lps 0.60 each unit. *Operating Costs Lps 71,200.00 (total) *Total Gross Profit Lps 485,362.00 It is requested: 1. Total and unit production costs. 2. Unitary and total Income Statement. the following costs incurred during the fortnight that just ended: * 12,180 units of which 90% sold * Materials Lps 981,920.00 of which 2/6 are indirect materials. *Labor Lps 260,000.00 of which 1/3 is indirect labor. * Total indirect manufacturing costs Lps 429,000.00 *Distribution costs 2% of operating costs. * Marketing costs Lps 0.60 each unit. *Operating Costs Lps 71,200.00 (total) *Total Gross Profit Lps 485,362.00 It is requested: 1. Total and unit production costs. 2. Unitary and total Income Statement.

Answer rating: 100% (QA)

To calculate the total and unit production costs we need to consider the direct and indirect costs associated with production 1 Total Production Costs ... View the full answer