Assume that spoiled loss is charged attributable to exacting specification of Job 501 during August 2003

Accounting May 02, 2021

Assume that spoiled loss is charged attributable to exacting specification of Job 501 during August 2003. What would be the unit cost of the good coats produced on Job 501? a. P 55.00 c. P 57.50 b. 58.00 d. 56.00

Expert Solution

Answer

d .

Explanation

Computation of Unit Cost of Good Coats produced on Job 501:

Direct Material = P20

Direct Labor = P18

Factory Overhead = P18

Total Unit Cost = P56

So, the correct option is D "P56".

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