The following information was taken from the record of Anton Manufacturing Inc.: Increase in finished goods, P100,000; Increase in work in process, P110,000; Decrease in raw materials P96,000; Total cost placed in process, P5,000,000; Materials purchases, P960,000; Direct labor, P880,000; Work in process, beg. P1,600,000. How much factory overhead was applied to production?
The following information was taken from the record of Anton Manufacturing Inc.: Increase in finished goods, P100,000; Increase in work in process, P110,000; Decrease in raw materials P96,000; Total cost placed in process, P5,000,000; Materials purchases, P960,000; Direct labor, P880,000; Work in process, beg. P1,600,000. How much factory overhead was applied to production?
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 15E: The books of Petry Products Co. revealed that the following general journal entry had been made at...
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The following information was taken from the record of Anton Manufacturing Inc.:
Increase in finished goods, P100,000;
Increase in work in process, P110,000;
Decrease in raw materials P96,000;
Total cost placed in process, P5,000,000;
Materials purchases, P960,000;
Direct labor, P880,000;
Work in process, beg. P1,600,000.
How much factory overhead was applied to production?
ANSWER IN GOOD ACCOUNTING FORM. THANK YOU :)
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