Question: Data for the week just ended. Materials Used Lps 1,221,820.00 of which 2/7 are indirect. Labor Lps 296,750.00 of which 3/5 is direct labor.

Data for the week just ended. Materials Used Lps 1,221,820.00 of which

Data for the week just ended. Materials Used Lps 1,221,820.00 of which 2/7 are indirect. Labor Lps 296,750.00 of which 3/5 is direct labor. . Total indirect manufacturing costs Lps 477,801.00 Operating Costs 2.2% of sales. . Distribution Costs 9.5% of the Operating Costs. Marketing costs Lps 0.35 each unit. . Total Gross Profit Lps 386,290.00 . Units Produced 98,800 of which 92% are sold It is requested: 1. Total and unit production costs. 2. Unitary and total Income Statement.

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To calculate the total and unit production costs we need to determine the direct and indirect costs associated with the materials used and labor 1 Total Production Costs a Direct Materials Cost Direct ... View full answer

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