Question 12 How much is the total cost to manufacture products with variable manufacturing cost per unit of P10 and total fixed cost of P30,000 at 2,000 units production level. A. P50,000 B. P40,000 C. P30,000 D. P60,000

Question 12 How much is the total cost to manufacture products with variable manufacturing cost per unit of P10 and total fixed cost of P30,000 at 2,000 units production level. A. P50,000 B. P40,000 C. P30,000 D. P60,000

Accounting Information Systems

11th Edition

ISBN:9781337552127

Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill

Publisher:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill

Chapter15: Integrated Production Processes (ipps)

Section: Chapter Questions

Problem 3P

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Concept explainers

Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.

Question

Question 12
How much is the total cost to manufacture products with variable manufacturing cost per unit of P10 and total fixed
cost of P30,000 at 2,000 units production level.
A. P50,000
B. P40,000
C. P30,000
D. P60,000

Question 13
All costs related to the manufacturing function in a company are:
A. Prime cost
B. Conversion cost
C. Direct cost
D. Product cost

Question 14
In job-order cost system, the use of direct materials previously purchased usually is recorded as an increase in:
A. Material account
B. Factor overhead applied
C. Factor overhead account
D. Work-in-process account

Question 15
The wages of factory janitorial staff should be classified as:

A. Period cost
B. Factory overhead cost
C. Prime cost
D. Direct labor cost

Definition Definition Accounting technique that tracks the costs of materials, labor, and overhead for a particular job. The main purpose of job costing is to determine the profit or loss for each job. Repetitive work or poorly allocated employees can be addressed for the upcoming project through job costing.

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