PROBLEM A$.$ ABC Costing

The following information was gathered from the records of Joyful Corporation: Direct

Materials $-$ P$495,000$; Direct Labor $-$ P$500,000$

Factory Overhead:

$\backslash$table$[[,$Activity Costs,Cost Driver,Activity Level$],[$Machine set$-$ups,P$200,000,$Number of setups,$100$ set ups$],[$Materials handling,$P100,000,$Weight materials,$50,000lbs$