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Determine the entry to record the cost of rework

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Reference no: EM132872014

Problem - Some units of output failed to pass the quality control at final inspection done at the end of the process. Since the incremental revenue from reworking the units exceeded the cost of rework, the management decided to rework the defective units. The cost to rework include direct materials of P5,300 and Direct labor of P14,000. The manufacturing overhead budget rate of 150% of DL already includes an allowance for spoilage. Determine the entry to record the cost of rework?

Reference no: EM132872014

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