The following cost data relate to the manufacturing activities of the Kamas Company during the most recent year. Factory overhead coata incurred during the year: Property taxes - factory Utilities - factory Indirect labor Depreciation - factory Insurance - factory Total Actual FOH costs P 1,600 2,600 5,100 13,000 2,500 P24,800 Other costa incurred during the year: Purchases of raw materials Direct labor cost P15,000 22,000 Inventoriea: Raw materials, beginning Raw materials, ending Work-in-process, beginning Work-in-procesa, ending P5,000 4,400 3,500 4,500 The company uses a predetermined overhead rate to charge overhead cost to production. The rate for the year just completed was P4.00 per machine-hour; a total of 6,000 machine-hours gere recorded for the year. Compute for the cost of goods manufactured for the year.
The following cost data relate to the manufacturing activities of the Kamas Company during the most recent year. Factory overhead coata incurred during the year: Property taxes - factory Utilities - factory Indirect labor Depreciation - factory Insurance - factory Total Actual FOH costs P 1,600 2,600 5,100 13,000 2,500 P24,800 Other costa incurred during the year: Purchases of raw materials Direct labor cost P15,000 22,000 Inventoriea: Raw materials, beginning Raw materials, ending Work-in-process, beginning Work-in-procesa, ending P5,000 4,400 3,500 4,500 The company uses a predetermined overhead rate to charge overhead cost to production. The rate for the year just completed was P4.00 per machine-hour; a total of 6,000 machine-hours gere recorded for the year. Compute for the cost of goods manufactured for the year.
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter2: Accounting For Materials
Section: Chapter Questions
Problem 15E: Kenkel, Ltd. uses backflush costing to account for its manufacturing costs. The trigger points are...
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