ISQUID Corp. has provided the following data from its activity-based costing system: Activity Cost Pool Inspection Processing Orders Assembly Total Activity 1,410 inspection hours 1,600 orders Total Cost P82,767 P60,896 P436,240 28,000 machine hours The Company makes 230 units of product of WD40 a year, requiring a total of 480 machine-hour, 50 orders, and 30 inspection-hours per year. The product's direct materials costs are P12.70 er unit and its direct labor cost is P45.93 per units. The product sells for P126.60 per unit. Using activity-based costing system, compute the product margin of WD40 per unit.

ISQUID Corp. has provided the following data from its activity-based costing system: Activity Cost Pool Inspection Processing Orders Assembly Total Activity 1,410 inspection hours 1,600 orders Total Cost P82,767 P60,896 P436,240 28,000 machine hours The Company makes 230 units of product of WD40 a year, requiring a total of 480 machine-hour, 50 orders, and 30 inspection-hours per year. The product's direct materials costs are P12.70 er unit and its direct labor cost is P45.93 per units. The product sells for P126.60 per unit. Using activity-based costing system, compute the product margin of WD40 per unit.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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