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The Achyboi Candies manufacturer of chewing gum, uses a standard cost system. Standard product and cost specifications for 1,000 lbs of chewing gum are as
The Achyboi Candies manufacturer of chewing gum, uses a standard cost system. Standard product and cost specifications for 1,000 lbs of chewing gum are as follows: Materials record the following: As standard, it requires 23 hours worth of conversion time. Actual direct labor hours is 3,800 hours at P11,552. Factory OH is applied on a direct labor hours basis at P9 for fixed and P2 for variable. Historically, 4000 direct labor hours are needed for conversion. Actual measured OH is 22,000 at 200,000lbs output. Determine PV. This one requires numerical answer. Do not put Peso sign
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