direct professional labor hours were estimated to be 15.000 and dire Media incurred actual overhead costs of P146,000, actual direct professional labor hours of 14,500, and actual direct labor cost of P222.000. By year-end, the firm's overhead was: a. P1,000 underapplied. b. P1,000 overapplied. C. P4,000 underapplied. d. P4,000 overapplied.

direct professional labor hours were estimated to be 15.000 and dire Media incurred actual overhead costs of P146,000, actual direct professional labor hours of 14,500, and actual direct labor cost of P222.000. By year-end, the firm's overhead was: a. P1,000 underapplied. b. P1,000 overapplied. C. P4,000 underapplied. d. P4,000 overapplied.

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Description: IccountsebitReceivable, Cost of Goods Sold.direct professional labor hours were estimated to be 15,000, and direMedia incurred actual overhead costs of P146,000, actual directprofessional labor hours of 14,500, and actual direct labor cost of P222,0

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 1CP

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Similar questions

Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 2.70 is direct materials and 5.30 is overhead. What is the prime cost per unit? Conversion cost per unit?
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