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Integrity Company's Job 1088 manufactured 13,750 units that were completed in February at unit costs presented as follows:
Direct materials - P300
Direct labor - 270
Factory overhead (includes an allowance of P15 spoiled work) - P270
Final inspection of Job 1088 disclosed 1,250 spoiled units, which were sold for P225,000.
What would be the unit selling price if the spoilage is attributable to exacting specifications of Job 1088 and the entity maintain a gross profit of 50%?
BIC was organized on January 2, 2012, with 100,000 authorized shares of $10 par value common stock. During 2012, BIC had the following capital transactions.
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Two property owners along Elm Street claimed a new sidewalk was constructed further from the street than where they had granted easements. A resurvey confirmed that the sidewalk was constructed in the wrong place, but the city did not believe that th..
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Determine the factory overhead rate by department using the multiple production department factory overhead rate method.
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