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  • Assume That Spoilage Loss Is Charged To All Production During August. What Would Be The Unit Cost of The Good Coats Produced On Job 501?

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    Jess Siazon
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    Job 501 produced 2,200 coats in August, but 200 coats were spoiled. The spoiled coats were sold for $3,000. The unit costs for materials were $10, labor was $9, and overhead including spoiled work allowance was $28. To calculate the unit cost of good coats, the spoilage loss needs to be allocated to all production.

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    Job 501 produced 2,200 coats in August, but 200 coats were spoiled. The spoiled coats were sold for $3,000. The unit costs for materials were $10, labor was $9, and overhead including spoiled work allowance was $28. To calculate the unit cost of good coats, the spoilage loss needs to be allocated to all production.

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    35 views1 page

    Assume That Spoilage Loss Is Charged To All Production During August. What Would Be The Unit Cost of The Good Coats Produced On Job 501?

    Uploaded by

    Jess Siazon
    Job 501 produced 2,200 coats in August, but 200 coats were spoiled. The spoiled coats were sold for $3,000. The unit costs for materials were $10, labor was $9, and overhead including spoiled work allowance was $28. To calculate the unit cost of good coats, the spoilage loss needs to be allocated to all production.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    5. Assume that spoilage loss is charged to all production during August.

    What would be
    the unit cost of the good coats produced on Job 501?
    Harper Co.'s Job 501 for the manufacture of 2,200 coats, which was completed during
    August at theunit costs presented below. Final inspection of Job 501 disclosed 200
    spoiled coats which were sold to a jobber for P3,000.
    Direct materials P10
    Direct labor P9
    Factory overhead (includes an allowance of P0.50 for spoiled work) P28
    Assume that spoilage loss is charged to all production during August. What
    would be the unit cost of the good coats produced on Job 501?

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