Reference no: EM132686400
Problem - The following costs were incurred during the year by Hopefully Company:
Depreciation of factory machines P24,000
Oil used to lubricate factory machines 12,000
Promotional expenses 28,000
Raw materials used 350,000
Repair of factory machines 49,000
Salary of factory superintendent 60,000
Wages of factory workers 120,000
Salary of factory clerk 40,000
Transportation cost of salesmen 38,000
Packaging materials in the store 26,000
Gas/oil expenses of the general manager 80,000
Product warranty expense 33,000
Required - Compute for the total product cost.