Compute what would unit cost of the coats produced for job

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Reference no: EM132709551

Harpers's Co. Job 501 for the manufacture of 2,200 coats which was completed during the month of August at the unit costs presented below. Final inspection of Job 501 disclosed 200 spoiled coats which was sold to a jobber for P6,000.

Direct Materials 20

Direct Labor 18

Factory Overhead 18

Total 56

The factory overhead includes an allowance of P1 for spoiled work. Assume that the spoilage loss is charged to all production during August.

Problem 1: Assume instead that the spoilage loss is attributed to the exacting specifications of Job 501 and is charged to this specific job. What would be the unit cost of the coats produced for Job 501?

a. 55.00

b. 57.50

c. 58.60

d. 61.60

Reference no: EM132709551

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