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Justine Co. produced 5,500 outdoor chairs for Job Order No. 610. Total material cost was...

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Accounting

Justine Co. produced 5,500 outdoor chairs for Job Order No. 610. Total material cost was P51,700. Each chair required 2.2 hours of direct labor at P8.90 / hour. A total of P53,845 of factory overhead was traced to Order 610.

I. What is the prime cost per unit of this order?

II. What is the conversion cost per unit of this order?

III. What is the unit cost of this order?

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