1. For this numeric question, 25 points

3. If the customer is billed at a po billing price? MK Company received an order for 1,000 units of item GC-10. Because of the order's exacting specifications, it is anticipated that defectiver and sported work will exceed the normal rate. The applied at 80% of the labor cost. During production, 150 units were to be defective and required the following total additional costs materials, P3,000, labor, P7,500 in addition to overhead. On final inspection 50 units were spoiled with no salvage value. The customer has agreed to accept the good units 4. The total costs of the order is Tripple A Company manufactures fire extinguisher per the design and specification of its customers, and accordingly uses a job order cost system. In March 2017, it finished 50,000 pieces for a customer at a cost of P1,500 per unit for direct materials and P1,000 per unit for conversion costs. The production incurred 500 defective units due to an error in the specification made by the customer and had to be reworked at a cost of P200 per unit. No allowance for rework is included in the budgeted overhead 5. If Surefire wants to maintain a 30% s profit rate, how much is the sales price of the order? Guess Apparel completed 3.600 expensive bags during the 1" quarter of the current year. The following costs per unit are presented below: Direct materials P200 Direct labor 180 Factory overhead, including P10 180 allowance for spoilage 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 the customer at 20% gross profit 6. If the spoilage is common to all jobs, the amount billed to the customer is 7. If spoilage is due to customers intervention, how much is the gross profit on the order? Some units of output failed to pass the quality control at final inspection done at the end of the process. Since the incremental revenue from reworking the units exceeded the cost of rework. the management decided to rework the defective units. The cost to rework include direct materials of P5,300 and Direct labor of P14,000. The manufacturing overhead budget rate of 150% of DL already includes an allowance for spoilage 8. The entry to record the cost of rework is