Homework Help is Here – Start Your Trial Now!
Business
Accounting
Compute for (1) the rate of factory overhead to direct labor cost, and (2) the direct materials included in the work in process inventory, assuming that the direct labor in the work in process is P100,000.

Compute for (1) the rate of factory overhead to direct labor cost, and (2) the direct materials included in the work in process inventory, assuming that the direct labor in the work in process is P100,000.

College Accounting, Chapters 1-27
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...
See similar textbooks
icon
Related questions
Question
100%

A schedule of cost of goods manufactured shows:
a. Materials used, P600,000
b. Direct labor, 1,600,000
c. Overhead costs, P 1,280,000
d. Work in process, ending inventory, P280,000
Compute for (1) the rate of factory overhead to direct labor cost, and (2) the direct materials
included in the work in process inventory, assuming that the direct labor in the work in process
is P100,000.


a. (1) 80% ; (2) P80,000
b. (1) 125% ; (2) P60,000
c. (1) 80% ; (2) P100,000
d. (1) 125% ; (2) P100,000

Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS