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2. Izzy Manufacturing Company has one product line - Product WZ. The business expects its sales volume this year is 44 000 units. In
2. Izzy Manufacturing Company has one product line - Product WZ. The business expects its sales volume this year is 44 000 units. In the manufacture of one unit of Product WZ, Izzy uses three types of direct raw materials as follows: Raw materials AA Raw materials BB Raw materials CC - Php 4.00 per unit - Php 5.00 per unit = Php 7.00 per unit Izzy Manufacturing Company needs 25 workers to make the 44 000 finished products. Based on the past year's performance, the workers will consume 30 days to finish the products. Each worker receives Php 700 a day. The manufacturing and overhead costs is Php 50 000. Required: Determine the raw materials requirement, the direct labor costs and the manufacturing and overhead costs.
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