a. Raw materials purchášed b. Raw materials requisitioned for use in production, P400,000 (80% direct and 20% indirect). c. Factory utility costs incurred, all on account, P102,000. d. Depreciation recorded on plant and equipment, P280,000. (80% relates to factory operations, and 5% to selling operations and 15% to administrative activities).

a. Raw materials purchášed b. Raw materials requisitioned for use in production, P400,000 (80% direct and 20% indirect). c. Factory utility costs incurred, all on account, P102,000. d. Depreciation recorded on plant and equipment, P280,000. (80% relates to factory operations, and 5% to selling operations and 15% to administrative activities).

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The accounting records of Dela Cruz Corporation revealed the following costs direct material used, $750,000; direct labor used, $1,275,000; factory overhead,$1,125,000; indirect materials used $500,000; indirect labor used $600,000; selling and marketing expenses $660,000; general and administrative expenses $440,000. Dela Cruz Corporation Period Cost is? a. $0 b. $1,100,000 c. $1,700,000 d. $2,200,000
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