a job order costing. Manufacturing overhead is applied using a predtermined rate based on direct labor cost. The cost ledger shows the following information for the month of August. Work in process Inventory Debit Balance, Aug 1 Credit P250,000 Materials used 120,000 Direct labor 100,000 Applied FOH Goods Manufactured 80,000 P296,000 Kaypee had three outstanding jobs in ending work in process that are expected to be delivered in the following month: Job #108 with direct materials of P35,000 and direct labor of P20,000 Job # 109 with direct materials of P45,000 and direct labor of P25,000 Job #110 with applied overhead of P28,000.
a job order costing. Manufacturing overhead is applied using a predtermined rate based on direct labor cost. The cost ledger shows the following information for the month of August. Work in process Inventory Debit Balance, Aug 1 Credit P250,000 Materials used 120,000 Direct labor 100,000 Applied FOH Goods Manufactured 80,000 P296,000 Kaypee had three outstanding jobs in ending work in process that are expected to be delivered in the following month: Job #108 with direct materials of P35,000 and direct labor of P20,000 Job # 109 with direct materials of P45,000 and direct labor of P25,000 Job #110 with applied overhead of P28,000.
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 9EA: A new company started production. Job 10 was completed, and Job 20 remains in production. Here is...
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