Fake Inc. uses a job order costing system and the following information is available from the records.the company has 3 jobs in process: 281, 282 and 83. Raw materials used 120,000.00 Direct labor hour 8.50 Overhead applied based on direct labor cost 130% Direct materials were requisitioned as follows for each job respectively: 30%, 25% and 25%, the balance of the requisitions were considered indirect. Direct labor hours per job are 2,500, 3,100, and 4,200 respectively. indirect labor is P33,000.Other actual overhed costs totaled P36,000
Fake Inc. uses a job order costing system and the following information is available from the records.the company has 3 jobs in process: 281, 282 and 83. Raw materials used 120,000.00 Direct labor hour 8.50 Overhead applied based on direct labor cost 130% Direct materials were requisitioned as follows for each job respectively: 30%, 25% and 25%, the balance of the requisitions were considered indirect. Direct labor hours per job are 2,500, 3,100, and 4,200 respectively. indirect labor is P33,000.Other actual overhed costs totaled P36,000
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 10EB: Inez has the following information relating to Job AA5. Direct material cost was $200,000, direct...
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