Problems 7-9

PROBLEM 7 The financial statements of Mother Goose Company included these items Marketing costs Direct labor costs Administrative costs Direct materials used Fixed factory overhead costs Variable factory overhead costs P160,000 245,000 145,000 285,000 175,000 155,000 Compute: 1. Prime cost 2. Conversion cost 3. Total inventoriable/product cost 4. Total period cost PROBLEM 8 Blanche Corporation estimated its unit costs of producing and selling 12,000 units per month as follows: Direct materials used Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable marketing costs Fixed marketing costs Estimated unit cost P 32.00 20.00 15.00 6.00 3.00 P 80.00 Compute: 1. Total variable costs per month 2. Varlable cost per unit produced 3. Total manufacturing cost 4, Manufacturing cost per unit PROBLEM9 Given the following facts, complete the requirements below: P 200 per unit Sales price Fixed costs: Marketing and administrative24,000 per period Manufacturing overhead Variable costs: 30,000 per period Marketing and administrativeP Manufacturing overhead Direct labor Direct materials Units produced and sold 6 per unit 9 per unit 30 per unit 60 per unit 1,200 per period Required: Compute for the following: 1. Variable manufacturing cost per unit 2. Variable cost per unit 3. Full manufacturing cot per unit 4. Full cost to make and sell per unit