How to get or compute for the factory overhead so that I can arrive at the selling price for each box? 

PRODUCT COSTING

Table No. 33

Natural Coil Product Costing

INGREDIENTS	QUANTITY	PRICE
Cow Dung	4.85 g	0.20
Neem	0.93 g	0.96
Tulsi	0.36 g	0.19
Ajowan	0.252 ml	0.15
Coconut Shell Powder	0.468 g	0.47
Saw dust	0.522 g	0.019
Lemon grass oil	1.032 ml	0.82
Peppermint oil	0.876 ml	1.93
Maida	0.762 g	0.15
Starch Paste	0.576 g	0.08
Cow Ghee	0.96 g	0.63
Plastic	1	0.25
Box	1	1.00
TOTAL COSTS		Php 6.09
TOTAL UNITS/BOX		12.82

 

Table 34

Advanced Non-Smoke Product Costing

INGREDIENTS	QUANTITY	PRICE
Smokeless Charcoal powder	0.96	0.14
Cow Dung	4.85 g	0.20
Neem	0.93 g	0.96
Tulsi	0.36	0.19
Ajowan	0.252 ml	0.15
Coconut Shell Powder	0.468 g	0.47
Saw dust	0.522 g	0.019
Lemon grass oil	1.032 ml	0.82
Peppermint oil	0.876 ml	1.93
Maida	0.762 g	0.15
Starch Paste	0.576 g	0.08
Cow Ghee	0.96 g	0.63
Plastic	1	0.25
Box	1	1.00
TOTAL COSTS		Php 6.23
TOTAL UNITS/BOX		13

 

Table 35
Computation for Direct Labor
DIRECT LABOR
Daily Gross Rate per worker	404
x No of workers	2
Total gross pay	808
divided by: No of working hours	8
Gross rate/ hr	101
No. of hrs needed for 1 box (4 mins)	0.0666
x Gross rate/hr	101
COST PER BOX	6.7266

 

 

Table 35
Computation for Factory Overhead
FACTORY OVERHEAD
Production Tools Expense	743
Rent Expense	240,000
Utilities Expense	66,000
Depreciation-Production Equipment	71,962.50
Total Manufacturing Overhead	378,705.50
COST PER BOX

 

 

Table 37

Computation for Product Costing

FACTORS	NATURAL COIL	NON-SMOKE COIL
Direct materials	6.09	6.23
Direct labor	6.73	6.73
Factory overhead
Unit cost
Mark up:(50%) & (60%)
Selling price/box	Php	Php