ABC Company reports the following cost information for December:Cost of goods manufactured P135,800; Finished goods inventory, December 1 P30,200; Finished goods inventory, December 31 P35,300; Work-in-process inventory December 1 P22,500; Work-in-process inventory December 31, PP18,500; Raw materials used P25, 300; Period Costs P50,500. Direct labor incurred in December amount to 150 percent of manufacturing overhead in December. What is the amount of direct labor incurred by ABC Company in December? A. 75,200 B. 39,700 C. 63,900 D. 49,250

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 2SEA: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Maupin...
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ABC Company reports the following cost information for December:Cost of goods manufactured P135,800; Finished goods inventory, December 1 P30,200; Finished goods inventory, December 31 P35,300; Work-in-process inventory December 1 P22,500; Work-in-process inventory December 31, PP18,500; Raw materials used P25, 300; Period Costs P50,500. Direct labor incurred in December amount to 150 percent of manufacturing overhead in December. What is the amount of direct labor incurred by ABC Company in December? A. 75,200 B. 39,700 C. 63,900 D. 49,250
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