Solution-Determine what is the effective labor cost per unit

Determine what is the effective labor cost per unit

Assignment Help Cost Accounting

Reference no: EM132693915

Problem 1: A worker earns P10,000 per month on the average and produces 50 units per day. Accordingly, the employer's monthly contribution for SSS, Medicare, Pag-IBIG and EC premiums are P456, P37.50, P10 and P100, respectively. Fringe benefits such as meal and uniform subsidiaries amount to P9,900 per annum. Assuming that there are 330 working days in one year, what is the effective labor cost per unit?

Reference no: EM132693915

Questions Cloud

Discuss the impact of learning on employee retention : Discuss the impact of learning and development on employee retention and productivity. What are the HR planning challenges facing the 21st century managers.

What is the purpose of accounting in society : What is the purpose of accounting in society? Technology is increasingly used to process accounting data. Why then must we study and understand accounting?

Determine what unit cost must be entered on the stock card : Determine What unit cost must be entered on the stock card for material XY assuming that the allowance method is used in accounting for discounts?

How to earn participation marks for the remaining chapters : Please listen closely to the Oct. 27 Zoom session to find the full discussion on how to earn participation marks for the remaining weekly chapters.

Determine what is the effective labor cost per unit : A worker earns P10,000 per month on the average, Assuming that there are 330 working days in one year, what is the effective labor cost per unit?

Determine how much saving in fixed factory overhead per unit : Determine How much savings in fixed factory overhead per unit was effected assuming that additional output is due to the incentive given?

Why do firms look to such approaches as cpfr : If forecasting is so important, why do firms look to such approaches as CPFR (Collaborative, Planning, Forecasting, Replenishment) as a way to reduce the need f

Make a cash receipts budget for April, May and June : Veronica has found that she generally collects payment for credit sales over a two-month period. Make a cash receipts budget for April, May and June

Calculate the equivalent units for the year : The company completed and transferred out 400,000 units during the year. Using weighted-average process costing calculate the equivalent units for the year.

User Account

All Pages

Determine what is the effective labor cost per unit

Reference no: EM132693915

Reference no: EM132693915

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT