NUBD Co. manufactures office tables and chairs, and accounts for cost using the job order costing system. The followin g data were taken from company records as of October 31. No jo bs were in process at the beginning of the month: Direct Labor Direct Labor No. of hours 650 Job No. Materials P 2,160.00 4,575 5,637.50 1,612.50 3,250.00 1,375.00 Cost P 800.00 3,625.00 7,162.50 1,400.00 3,050.00 825.00 121 122 1,850 4,100 750 1,600 490 123 124 125 126 In October, Job Nos. 121 and 122 were com pleted and sold for P4,500 and P10,000, respectively. Job Nos. 124 and 125 were likewise completed during the month. Manufacuring overhead coss are applied to jobs at P1.50 per direct labor hour. Adual manufacturing overhead cost for the month amounted to P 15,175.
NUBD Co. manufactures office tables and chairs, and accounts for cost using the job order costing system. The followin g data were taken from company records as of October 31. No jo bs were in process at the beginning of the month: Direct Labor Direct Labor No. of hours 650 Job No. Materials P 2,160.00 4,575 5,637.50 1,612.50 3,250.00 1,375.00 Cost P 800.00 3,625.00 7,162.50 1,400.00 3,050.00 825.00 121 122 1,850 4,100 750 1,600 490 123 124 125 126 In October, Job Nos. 121 and 122 were com pleted and sold for P4,500 and P10,000, respectively. Job Nos. 124 and 125 were likewise completed during the month. Manufacuring overhead coss are applied to jobs at P1.50 per direct labor hour. Adual manufacturing overhead cost for the month amounted to P 15,175.
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 9EA: A new company started production. Job 10 was completed, and Job 20 remains in production. Here is...
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The cost of goods manufactured was
- P49,632.50
- P28,762.50
- P27,747.50
- P50,647.50
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