What is the cost of goods sold per unit

Assignment Help Accounting Basics

Reference no: EM132859820

Question 1: The Lotus Co. manufactures a specialty line of product using a job order costing system. During May, the following costs were incurred in completing Job #03: direct materials, P13,700; direct labor, P4,800; administrative, P1,400; and selling, P5,600. Factory overhead was applied at the rate of P25 per machine hour Job #03 requires 800 machine hours. If Job #03 resulted in 7,000 good units, what is the cost of goods sold per unit?

a. 6.50
b. 6.30
c. 5.70
d. 5.50

Reference no: EM132859820

Questions Cloud

How much is the new capital balance of Calvin : On January 1, they decided to admit Versace as a new partner upon his investment of P 8,000. How much is the new capital balance of Calvin

Formulate and conduct an appropriate hypothesis : A company has designed a new ink-jet cartridge for its plain-paper printers which it believes has a longer average lifetime than the one currently being produce

CIS320 Fundamentals of Routing and Switching Assignment : CIS320 Fundamentals of Routing and Switching Assignment Help and Solution, Post University - Assessment Writing Service

What is the company current ratio : The following balance sheet information is provided for Duke Company for Year 2: What is the company's current ratio

What is the cost of goods sold per unit : At the rate of P25 per machine hour Job #03 requires 800 machine hours. If Job #03 resulted in 7,000 good units, what is the cost of goods sold per unit?

Explain difference between likelihood and probability : Describe the change in the time complexity of K-means as the number of clusters to be found increases. Explain the difference between likelihood and probability

What was the total cost of job for january : What was the total cost of Job #123 for January? Queen Co. is a print shop, which produces jobs to customer specification. During January, Job #123 was worked

Journalize the redemption of the bonds : A $500,000 bond issue on which there is an unamortized discount of $34,000 is redeemed for $472,000. Journalize the redemption of the bonds

What amount of direct labor costs has been charged to job : Job # 34 has direct material of P2,000 and direct labor of P9,000. What amount of direct labor costs has been charged to Job #33?

User Account

All Pages