Question
Job no. 2428 shows the following information: o Direct materials consumed: P10,000 (department A) and P6,000 (department B) o Direct labor hours used: 800 (Department
Job no. 2428 shows the following information:
o Direct materials consumed: P10,000 (department A) and P6,000 (department B) o Direct labor hours used: 800 (Department A) and 400 (Department B) o Direct labor rate per hour: 4 (Department A) and 5 (Department B) o Manufacturing overhead rate per direct labor hour: 4 (Department A) and 4 (Department B) o The administrative and selling expenses ratio is 20% of production cost o The profit markup of Job 2428 is 25% of cost.
What is the selling price of Job no. 2428?
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
