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How much is the rework costs charged to materials

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Reference no: EM133008600

Question - The First Manufacturing manufactures several designs of custom made tables. Production costs are accounted for using a job order cost system. During the current period, 200 tables are manufactured on and the ff. costs are charged to the job:

Materials - P7,000

Labor (300 hrs. x 100/hour) - P3,000

Manufacturing overhead (P12 per labor hour) - P3,600

During the inspection of the product, it was discovered that an umbrella ring is not attached to the table due to oversight. A part costing P0.50 shall be welded to each table, repaint with a primer costing P1.00 for each table. The process shall require 15 minutes of time.

Required -

1. What is the unit costs of the product?

2. How much is the total costs of the table after the reworked?

3. How much is the rework costs charged to materials?

4. What is the amount of rework costs attributed to labor?

5. How much is the amount of overhead applied during rework?

Reference no: EM133008600

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