Aglaonema Company is a local manufacturer that implements a job order system. Overhead is applied using a predetermined rate based on direct labor cost. The cost ledger shows the following information for the month of August: WORK IN PROCESS INVENTORY P296,000 Beginning balance Materials used P250,000 Goods manufactured 120,000 Direct labor 100,000 Applied overhead 80,000 The company had three jobs in the ending work in process that are expected to be delivered in the following month: Job #111 with direct materials of P35,000 and direct labor of P20,000 Job #112 with direct materials of P45,000 and direct labor of P25,000 Job #113 with applied overhead of P28,000 1. The total cost of Job #111 was: A. P71,000 B. P80,000 C. P90,000| D. P93,000 2. Refer to Item #39. Total cost of Job #112 was: A. P72,250 B. P90,000 C. P93,000 D. P101,250 3. Refer to Item #39. Total cost of Job #113 was: A P71,000 B. P72,250 C. P89,000 D. P93,000

Aglaonema Company is a local manufacturer that implements a job order system. Overhead is applied using a predetermined rate based on direct labor cost. The cost ledger shows the following information for the month of August: WORK IN PROCESS INVENTORY P296,000 Beginning balance Materials used P250,000 Goods manufactured 120,000 Direct labor 100,000 Applied overhead 80,000 The company had three jobs in the ending work in process that are expected to be delivered in the following month: Job #111 with direct materials of P35,000 and direct labor of P20,000 Job #112 with direct materials of P45,000 and direct labor of P25,000 Job #113 with applied overhead of P28,000 1. The total cost of Job #111 was: A. P71,000 B. P80,000 C. P90,000| D. P93,000 2. Refer to Item #39. Total cost of Job #112 was: A. P72,250 B. P90,000 C. P93,000 D. P101,250 3. Refer to Item #39. Total cost of Job #113 was: A P71,000 B. P72,250 C. P89,000 D. P93,000

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Description: Aglaonema Company is a local manufacturer that implements a job order system. Overhead is appliedusing a predetermined rate based on direct labor cost. The cost ledger shows the following informationfor the month of August:WORK IN PROCESS INVENTORYP

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 6SEA: JOURNAL ENTRIES FOR MATERIAL, LABOR, OVERHEAD, AND SALES Micro Enterprises had the following job...

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Lorrimer Company has a job-order cost system. The following debits (credits) appeared in the Work-in-Process account for the month of June. During the month of June, direct labor totaled 30,000 and 24,000 of overhead was applied to production. Finished Goods was debited 100,000 during June. Lorrimer Company applies overhead at a predetermined rate of 80% of direct labor cost. Job number 83, the only job still in process at the end of June, has been charged with manufacturing overhead of 3,400. What was the amount of direct materials charged to Job number 83? a. 3,400 b. 4,250 c. 8,350 d. 7,580
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