A company assigns overhead cost to completed jobs on the basis of 120% of direct labor cost. The job cost sheet for Job 444 shows that P12,000 in direct materials has been used on the job and that P8,000 in direct labor cost has been incurred. A total of 200 units were produced in Job 444. What is the total manufacturing cost assigned to Job 444?     P20,000 P24,000 P29,600 P34,400

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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A company assigns overhead cost to completed jobs on the basis of 120% of direct labor cost. The job cost sheet for Job 444 shows that P12,000 in direct materials has been used on the job and that P8,000 in direct labor cost has been incurred. A total of 200 units were produced in Job 444. What is the total manufacturing cost assigned to Job 444?
 
 
P20,000
P24,000
P29,600
P34,400
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