The following is a list of manufacturing costs incurred by Eros Manufacturing Co. during April: Direct materials used ......................................P154,800 Indirect materials used ...................................... 63,000 Direct labor employed ........................................ 392,500 Indirect labor employed ...................................... 175,300 Utilities expense - factory .................................. 91,200 Rent expense - factory ...................................... 140,800 Depreciation expense - factory equipment ....... 82,000 1.Calculate the factory overhead cost incurred. 2.Calculate the direct manufacturing costs for the month of April. 3.How much is the conversion cost?

The following is a list of manufacturing costs incurred by Eros Manufacturing Co. during April: Direct materials used ......................................P154,800 Indirect materials used ...................................... 63,000 Direct labor employed ........................................ 392,500 Indirect labor employed ...................................... 175,300 Utilities expense - factory .................................. 91,200 Rent expense - factory ...................................... 140,800 Depreciation expense - factory equipment ....... 82,000 1.Calculate the factory overhead cost incurred. 2.Calculate the direct manufacturing costs for the month of April. 3.How much is the conversion cost?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...

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During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of $125,900. Overhead is applied at the rate of 75% of the direct labor cost. These are the inventory balances: Compute the cost of materials used in production, the cost of goods manufactured, and the cost of goods sold.
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