The processing of Salvation Company's manufacturing passes through two departments, Department 1 and Department 2. Overhead is applied to jobs in Dept. 1 based on 150% of direct labor cost and P18 per machine time in Dept. 2. The following information is available for Job IABF: Department 1 Department 2 Direct materials P1,590 P580 Direct labor cost ? P48 Direct labor hours 22 hours 6 hours Machine Time 5 hours 15 hours Factory overhead - applied P429 ?

The processing of Salvation Company's manufacturing passes through two departments, Department 1 and Department 2. Overhead is applied to jobs in Dept. 1 based on 150% of direct labor cost and P18 per machine time in Dept. 2. The following information is available for Job IABF: Department 1 Department 2 Direct materials P1,590 P580 Direct labor cost ? P48 Direct labor hours 22 hours 6 hours Machine Time 5 hours 15 hours Factory overhead - applied P429 ?

Name: Question:The total cost of Job IABF is: The processing of Salvation Co
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Description: Question:The total cost of Job IABF is: The processing of Salvation Company's manufacturing passes through two departments, Department 1 andDepartment 2. Overhead is applied to jobs in Dept. 1 based on 150% of direct labor cost and P18 per machinetim

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 12P: Overhead application rate Roll Tide Manufacturing Inc. uses a job order cost system and standard...

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