Problem 10: Spoiled Goods Josh Inc. has completed the Job 101, containing 2,200 shoes, during 2016 at the following unit costs: Direct materials 2,000 1,000 1,300 Direct labor Factory overhead (including an allowance of P300 for spoiled work) Final inspection of Job 101 disclosed 200 spoiled shoes which were sold to a department for P400,000. Required: 1. What is the unit cost of shoes produced on Job 101 if spoilage loss is common to all jobs? 2. What is the unit cost of shoes produced on Job 101 if spoilage loss is charged to specific Job 101?
Problem 10: Spoiled Goods Josh Inc. has completed the Job 101, containing 2,200 shoes, during 2016 at the following unit costs: Direct materials 2,000 1,000 1,300 Direct labor Factory overhead (including an allowance of P300 for spoiled work) Final inspection of Job 101 disclosed 200 spoiled shoes which were sold to a department for P400,000. Required: 1. What is the unit cost of shoes produced on Job 101 if spoilage loss is common to all jobs? 2. What is the unit cost of shoes produced on Job 101 if spoilage loss is charged to specific Job 101?
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter2: Accounting For Materials
Section: Chapter Questions
Problem 16P: Lloyd Industries manufactures electrical equipment from specifications received from customers. Job...
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![Problem 10: Spoiled Goods
Josh Inc. has completed the Job 101, containing 2,200 shoes, during 2016 at
the following unit costs:
Direct materials
Direct labor
2,000
1,000
1,300
Factory overhead (including an allowance of P300 for spoiled work)
Final inspection of Job 101 disclosed 200 spoiled shoes which were sold to a
department for P400,000.
Required:
1. What is the unit cost of shoes produced on Job 101 if spoilage loss is
common to all jobs?
2. What is the unit cost of shoes produced on Job 101 if spoilage loss is
charged to specific Job 101?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F946e2aa2-bcc9-4cec-b2e2-e85bd3aa7227%2Fc864c24e-7b1c-4a3e-b294-4114ee28b46f%2Fgw33tj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem 10: Spoiled Goods
Josh Inc. has completed the Job 101, containing 2,200 shoes, during 2016 at
the following unit costs:
Direct materials
Direct labor
2,000
1,000
1,300
Factory overhead (including an allowance of P300 for spoiled work)
Final inspection of Job 101 disclosed 200 spoiled shoes which were sold to a
department for P400,000.
Required:
1. What is the unit cost of shoes produced on Job 101 if spoilage loss is
common to all jobs?
2. What is the unit cost of shoes produced on Job 101 if spoilage loss is
charged to specific Job 101?
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