The Work in Process inventory account of Joseph Company showed: Werk in Process Inventory P220,000 I Finished Goods P680,000 370,000 I 555.000 I Materials Direct labor Factory overhead ' Materials charged to the one job still in process amounted to P50,000. Factory overhead is applied as a predetermined percentage of direct labor cost. 19. Refer to Joseph Company. What is the amount of direct labor cost in Finished Goods? a PI70,000 b. P510,000 c. P204,000 d. P306,000 20. Refer to Joseph Company. What is the amount of factory overhead cost in Finished Goods? a P170,000 b. PS10,000 c. P204,000 d. P306,000
The Work in Process inventory account of Joseph Company showed: Werk in Process Inventory P220,000 I Finished Goods P680,000 370,000 I 555.000 I Materials Direct labor Factory overhead ' Materials charged to the one job still in process amounted to P50,000. Factory overhead is applied as a predetermined percentage of direct labor cost. 19. Refer to Joseph Company. What is the amount of direct labor cost in Finished Goods? a PI70,000 b. P510,000 c. P204,000 d. P306,000 20. Refer to Joseph Company. What is the amount of factory overhead cost in Finished Goods? a P170,000 b. PS10,000 c. P204,000 d. P306,000
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter10: Accounting Systems For Manufacturing Operations
Section: Chapter Questions
Problem 10.11E
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