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Felix Mango, manager of Honey Burger House, asked for your advice about product costs. Felix wants you to compute the cost of making a

 

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Felix Mango, manager of Honey Burger House, asked for your advice about product costs. Felix wants you to compute the cost of making a honey burger and provided you the following information: a. In 2017, Felix made the following estimates for Honey Burger House for 2018: 1. Estimated variable overhead P216,000 2. Estimated fixed overhead P240,000 3. Estimated labor hours 12, 000 4. Estimated labor peso per hour P4 5. Estimated Output - Burgers 240,000 b. You learn the following facts for June 2018: 1. Actual Direct labor hours 2, 200 2. Actual number of burgers produced 20,000 3. Actual labor peso per hour P22.00 4. Actual direct labor cost per burger P4.62 5. Actual direct materials cost per burger P2.20 Apply overhead to burgers using direct labor hours as the allocation base. Required: Compute the unit cost per burger for June 2018 using: 1. Variable costing. Enter unit cost' 2. Full absorption Costing. Enter unit cost'

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