Ethel Corp. Has the following data for the year 2021: Estimated FOH P40,000 + (P 2X Mhr) Estimated machine hours 5,000 Assume that Ethel Corp. Has work on three jobs: 01; 02; and 03 last year. 1,500 machine hours were spent for job 01; 2,000 machine hours for job 02; and 1,700 machine hours for job 03. The actual factory overhead is P56,000 using 5,200 machine hours. What is the predetermined FOH? What is the expected FOH for an actual level of activity of 5,200 machine hours? What is the Factory Overhead applied to Job 03?

Ethel Corp. Has the following data for the year 2021: Estimated FOH P40,000 + (P 2X Mhr) Estimated machine hours 5,000 Assume that Ethel Corp. Has work on three jobs: 01; 02; and 03 last year. 1,500 machine hours were spent for job 01; 2,000 machine hours for job 02; and 1,700 machine hours for job 03. The actual factory overhead is P56,000 using 5,200 machine hours. What is the predetermined FOH? What is the expected FOH for an actual level of activity of 5,200 machine hours? What is the Factory Overhead applied to Job 03?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 11PA: When setting its predetermined overhead application race, Tasty Box Meals estimated its overhead...

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