19. James Company uses a job order cost sytem. The following debits (credits) appeared in James account for the month of April 2020: April Description Amount Balance P4,000 24,000 16,000 12,800 (48,000) 1 30 Direct Materials .30 Direct labor Factory overhead To finished goods .30 .30 James applies overhead to production at a predetermined rate of 80% of direct labor cost. Job No. 5, the only job still in process on April 30, 2020, ahs been charged of direct labor of P2,000. What was the amount of direct materials charged to Job No.5?
19. James Company uses a job order cost sytem. The following debits (credits) appeared in James account for the month of April 2020: April Description Amount Balance P4,000 24,000 16,000 12,800 (48,000) 1 30 Direct Materials .30 Direct labor Factory overhead To finished goods .30 .30 James applies overhead to production at a predetermined rate of 80% of direct labor cost. Job No. 5, the only job still in process on April 30, 2020, ahs been charged of direct labor of P2,000. What was the amount of direct materials charged to Job No.5?
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter5: Product And Service Costing: Job-order System
Section: Chapter Questions
Problem 21E: Lorrimer Company has a job-order cost system. The following debits (credits) appeared in the...
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