Isem Co.’s 2019 manufacturing costs were as follows: Direct materials and direct labor P700,000; Other variable manufacturing costs 100,000; Depreciation of factory building and manufacturing equipment 80,000; Other fixed manufacturing overhead 18,000. What amount should be considered product cost for external reporting purposes? A. P700,000 B. P800,000 C. P880,000 D. P898,000

Isem Co.’s 2019 manufacturing costs were as follows: Direct materials and direct labor P700,000; Other variable manufacturing costs 100,000; Depreciation of factory building and manufacturing equipment 80,000; Other fixed manufacturing overhead 18,000. What amount should be considered product cost for external reporting purposes? A. P700,000 B. P800,000 C. P880,000 D. P898,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4CDQ: How would each of the following costs be classified if units produced is the activity base? a....

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