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CoursHeroTranscribedText: TWILIGHT COMPANY manufactures portable beds and chairs made of round steel bars and woven plastic strips. The steel bars are cut, heated and bent before they are connected by belts and nuts to form the desired structures. The woven plastic strips are subsequently attached per order specifications.For 2018, estimated factory overhead (without the corresponding provision for any imperfection) (is P90,000 based on estimated direct labor cost of P180,000. Per estimates, a 6% spoilage may be expected with unrecovered cost of P5,400.) For Sept., 2018, the company processed an order of 15 portable rocking chairs (Job Order 009). The prime costs are as follows: 15 - 1000 Direct materials.. P15,000 Direct labor.. 7,500 150 Upon final inspection, three(3) rocking chairs are found below standard. Estimated cost recovery is P1,000 per chair. REQUIRED: 1. Assuming that the job is a regular or standard one: a. What factory overhead rate must be used? b: What must be the unit cost for the remaining 12 rocking chairs upon completion? 2 6 . c. What are the entries to take up the original production cost, spoilage, and completion of the remaining units. (Use three work in process accounts). 2. Assuming that the job is a special one, what would be your answers for the same questions in no. 1 above

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