The followung cost data relate to the manufacturing activities of the Kamas Company during the most recent year. Fcatory overhead costs incurred during the year: Property taxes- factory P1,600 Utilities- factory 2,600 Indirect labor 5,100 Depreciation- factory 13,000 Insurance- factory 2,500 Total ACtual FOH costs P24,800 Other costs incurred during the year: Purchase of raw materials P15,000 Direct labor cost 22,000 Inventories: Raw materials, beginning P5,000 Raw materials, ending 4,400 Work-in process,beginning 3,500 Work-in process, ending 4,500 The company uses a predetermined overhead rate to charge overhead cost to production. Th erate for the year just completed wa P4.00 per machine- hour; a total of 6,000 machine- hours were recorded for the year. Compute for the cost of goods manufactured for the year.
The followung cost data relate to the manufacturing activities of the Kamas Company during the most recent year. Fcatory
Property taxes- factory P1,600
Utilities- factory 2,600
Indirect labor 5,100
Insurance- factory 2,500
Total ACtual FOH costs P24,800
Other costs incurred during the year:
Purchase of raw materials P15,000
Direct labor cost 22,000
Inventories:
Raw materials, beginning P5,000
Raw materials, ending 4,400
Work-in process,beginning 3,500
Work-in process, ending 4,500
The company uses a predetermined overhead rate to charge overhead cost to production. Th erate for the year just completed wa P4.00 per machine- hour; a total of 6,000 machine- hours were recorded for the year. Compute for the cost of goods manufactured for the year.
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