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Accounting Topic: Labor cost accounting Fisheries Manufacturing Co. charges factory overhead to production at 80% of direct labor cost. Jobs 844 and 845 were completed and sold in July. Total direct materials cost and prime cost for Job 844 were P9,000 and P14,000, respectively. The production cost of Job 845 amounted to P31,200 with factory overhead equal to 48% of direct materials cost. How much were the direct labor costs of Jobs 844 and 845? Show a detailed solution.

Accounting Topic: Labor cost accounting Fisheries Manufacturing Co. charges factory overhead to production at 80% of direct labor cost. Jobs 844 and 845 were completed and sold in July. Total direct materials cost and prime cost for Job 844 were P9,000 and P14,000, respectively. The production cost of Job 845 amounted to P31,200 with factory overhead equal to 48% of direct materials cost. How much were the direct labor costs of Jobs 844 and 845? Show a detailed solution.

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter2: Job Order Costing
Section: Chapter Questions
Problem 2BE: Direct labor costs During May, Bergan Company accumulated 2,500 hours of direct labor costs on Job...
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Accounting

Topic: Labor cost accounting

Fisheries Manufacturing Co. charges factory overhead to production at 80% of direct labor cost. Jobs 844 and 845 were completed and sold in July. Total direct materials cost and prime cost for Job 844 were P9,000 and P14,000, respectively. The production cost of Job 845 amounted to P31,200 with factory overhead equal to 48% of direct materials cost. How much were the direct labor costs of Jobs 844 and 845?

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