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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
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. Felix provided you the following information: a. In 2020, Felix made the following estimates for Honey Burger House for 2021: Estimated variable overhead P216,000 Estimated fixed overhead P240,000 Estimated labor hours 12,000 Estimated labor peso per hour P4 Estimated output - Burgers 240,00 b. You learn the following facts for June 2021: Actual direct labor hours 2,200 Actual number of burgers produced 20,000 Actual labor peso per hour P22.00 Actual direct labor cost per burger P 4.62 Actual direct materials per burger P 2.20 Apply overhead to burgers using direct labor hours as the allocation base
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