Exercise 10: Cost of Production Report - Uneven Application of Costs Manghud Manufacturing Corp. adds all the materials at the start of the procese The production data for October, 19C are as follows: Quantity data: In process, October 1 Placed in process..... In process, October 31............ Cost data: In process, October 1 Factory costs, October: Materials. Labor Factory overhead rate: 66 2/3% of labor cost Required: Cost of production report 12,000 units, 1/3 done 40,000 units 5,000 units, 1/4 done P28,470 80,000 26,550

Exercise 10: Cost of Production Report - Uneven Application of Costs Manghud Manufacturing Corp. adds all the materials at the start of the procese The production data for October, 19C are as follows: Quantity data: In process, October 1 Placed in process..... In process, October 31............ Cost data: In process, October 1 Factory costs, October: Materials. Labor Factory overhead rate: 66 2/3% of labor cost Required: Cost of production report 12,000 units, 1/3 done 40,000 units 5,000 units, 1/4 done P28,470 80,000 26,550

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products

Section: Chapter Questions

Problem 7E: Calculating unit costs; units lost in production Gray Brothers Products Inc. manufactures a liquid...

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