Standard cost data to produce one unit of XXX: Material SAN 10 meters at P 6/m Material JOSE 12 meters at P 4.5/m 5 hours at P 10/hr 4 hours at P 9 / hr Actual data available for the company for the year 2020 are as follows: Raw materials used for SAN Direct Labor Overhead Raw materials used for JOSE Payroll (paid) Actual Overhead cost P 58,000 P 51,500 P 52,500 P 37,200 Operating expenses During the year, 1,000 units were produced by the company. At the end of 2020, 960 units were sold at P 250 per unit with zero discounts What is the standard cost of goods sold? P 22,100

Standard cost data to produce one unit of XXX: Material SAN 10 meters at P 6/m Material JOSE 12 meters at P 4.5/m 5 hours at P 10/hr 4 hours at P 9 / hr Actual data available for the company for the year 2020 are as follows: Raw materials used for SAN Direct Labor Overhead Raw materials used for JOSE Payroll (paid) Actual Overhead cost P 58,000 P 51,500 P 52,500 P 37,200 Operating expenses During the year, 1,000 units were produced by the company. At the end of 2020, 960 units were sold at P 250 per unit with zero discounts What is the standard cost of goods sold? P 22,100

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Description: Standard cost data to produce one unit of XXX:Material SAN10 meters at P 6/m12 meters at P 4.5/m5 hours at P 10/hr4 hours at P 9/hrActual data available for the company for the year 2020 are as follows:Raw materials used for SANMaterial JOSEDirect L

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...

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