Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Izzy Manufacturing Company has one product line - Product WZ. The business expects its sales volume this year is 44 000 units. In

image text in transcribed

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.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial ACCT2

Authors: Norman H. Godwin, C. Wayne Alderman

2nd edition

9781285632544, 1111530769, 1285632540, 978-1111530761

More Books

Students also viewed these Accounting questions