Jungkook Company completed 500 of customized apparel. The product cost per unit:                                                  Direct materials                               P200                                          Direct labor                                       300                              Factory overhead                            150                                                                                             P650                                           However, upon quality inspection, 30 units were sub-standard due to external failure and are to be rework.                                            The rework cost per unit of the prime costs are:                                                  Direct materials                               P50                              Direct labor                                       60                                                                                                                       How much is the product cost per unit?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Jungkook Company completed 500 of customized apparel.

The product cost per unit:                                                 

Direct materials                               P200                                         

Direct labor                                       300                             

Factory overhead                            150                             

                                                               P650                                          

However, upon quality inspection, 30 units were sub-standard due to external failure and are to be rework.                                         

 

The rework cost per unit of the prime costs are:                                                 

Direct materials                               P50                             

Direct labor                                       60                                

                                                                                     

How much is the product cost per unit?        

 
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