Handy Crafts manufactures to customers’ specifications. The company uses a job order cost system and, for the month of May 2020, summarized the following information: Beginning WIP (5 partially completed jobs) ₱0,300,000 Orders completed (18)   2,400,000 Orders shipped out (14)   2,000,000 Materials requisitioned   1,700,000 Direct Labor Cost   0,800,000 Overhead 150% of direct labor cost What is the total manufacturing cost and cost of goods manufactured? Group of answer choices ₱ 3,700,000; ₱ 2,400,000 ₱ 4,100,000; ₱ 2,000,000 ₱ 4,100,000; ₱ 2,400,000

Kapoor Catering Co. uses a job cost system. Its activities in November 2020, the first month of operation, were as follows: Information State University On-the-Go Home Precious Pre-school Direct Materials Cost (food) $54,200 $34,800 $81,300 Direct Labor Cost $43,600 $40,000 $55,900 Labor Hours 3,050 3,630 4,000   The company applies overhead at a rate of $17.50 per labor hour. It completed all of its jobs in November. Total revenue for the three jobs amounted to $396,600. The allocated overhead for the month was $146,800, of which $122,000 should be credited to accounts payable and $40,400 should be credited to Accumulated Depreciation.

For the year ended December 31, 2022, the job cost sheets of Blossom Company contained the following data. JobNumber   Explanation   DirectMaterials   DirectLabor   ManufacturingOverhead   TotalCosts 7640   Balance 1/1   $20,000   $19,200   $23,040   $62,240     Current year’s costs   24,000   28,800   34,560   87,360 7641   Balance 1/1   8,800   14,400   17,280   40,480     Current year’s costs   34,400   38,400   46,080   118,880 7642   Current year’s costs   46,400   44,000   52,800   143,200 Other data: 1.   Raw materials inventory totaled $12,000 on January 1. During the year, $112,000 of raw materials were purchased on account. 2.   Finished goods on January 1 consisted of Job No. 7638 for $69,600 and Job No. 7639 for $73,600. 3.   Job No. 7640 and Job No. 7641 were completed during the year. 4.   Job Nos. 7638, 7639, and 7641 were sold on account for $424,000. 5.   Manufacturing overhead incurred on account totaled…

Kapoor Catering Co. uses a job cost system. Its activities in November 2020, the first month of operation, were as follows: Information State University On-the-Go Home Precious Pre-school Direct Materials Cost (food) $56,000 $37,600 $80,900 Direct Labor Cost $46,600 $39,000 $53,200 Labor Hours 3,300 3,600 3,830   The company applies overhead at a rate of $19.50 per labor hour. It completed all of its jobs in November. Total revenue for the three jobs amounted to $407,200. The allocated overhead for the month was $148,700, of which $123,900 should be credited to accounts payable and $41,300 should be credited to Accumulated Depreciation.