6. AXZ Corporation uses job order costing system. The following data appears in the ledger accounts of the company for the month of January: Debit Work in Process 105,000 Direct materials 210,000 Direct labor 175,000 Factory overhead Cost of goods manufactured 140,000 542,500 The FOH is applied at a predetermined rate of 80% of direct labor cost. For the month of January, job 707, the only job in process, has a FOH cost amounting to P16, 100.
6. AXZ Corporation uses job order costing system. The following data appears in the ledger accounts of the company for the month of January: Debit Work in Process 105,000 Direct materials 210,000 Direct labor 175,000 Factory overhead Cost of goods manufactured 140,000 542,500 The FOH is applied at a predetermined rate of 80% of direct labor cost. For the month of January, job 707, the only job in process, has a FOH cost amounting to P16, 100.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
What is the Direct labor cost for Job 707?
Transcribed Image Text:6. AXZ Corporation uses job order costing system. The following data appears in the ledger accounts
of the company for the month of January:
Debit
Work in Process
105,000
Direct materials
210,000
Direct labor
175,000
Factory overhead
Cost of goods manufactured
140,000
542,500
The FOH is applied at a predetermined rate of 80% of direct labor cost. For the month of January, job
707, the only job in process, has a FOH cost amounting to P16, 100.
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