Homework Help is Here – Start Your Trial Now!
Business
Accounting
1. The following information pertains to the Ethel Company in November Direct Material Direct Labor Factory Overhead Job 101 P38,400 P54,000 ? Job 102 60,000 Job 103 68,040 P66,600 ? Ethel Company applies factory overhead for Job 101 at 140% of direct labor cost and at 150% of direct labor for Jobs 102 and 103. The total cost of Jobs 101 and 102 is the same. Job 101 FOH 54,000X140%=75,600 Direct Labor 66,600/1.5=44,400 Job 102 FOH 60,000 X150%=90,000 54,000 =66,600 60,000 P232,200 P158,400 Job 103 101 DL Job 103 FOH 102 DL Total FOH Total DL JOB 101 Job 102 P168,000 38,400 Job 103 DM P68,040 DM Less: DL 60,000 DL 44,400 DL 54,000 FOH 90,000 FOH 66,600 Direct Materials P 18,000 P179,040 FOH 75,600 Total Total 168,000 What amount of factory overhead is applied to Job 101? A. P66,000 В. 75,600 С. 36,000 D. 90,000 What is the total amount of direct materials for Job 102? A. P44,400 В. 18,000 С. 90,000 D. 23,400

1. The following information pertains to the Ethel Company in November Direct Material Direct Labor Factory Overhead Job 101 P38,400 P54,000 ? Job 102 60,000 Job 103 68,040 P66,600 ? Ethel Company applies factory overhead for Job 101 at 140% of direct labor cost and at 150% of direct labor for Jobs 102 and 103. The total cost of Jobs 101 and 102 is the same. Job 101 FOH 54,000X140%=75,600 Direct Labor 66,600/1.5=44,400 Job 102 FOH 60,000 X150%=90,000 54,000 =66,600 60,000 P232,200 P158,400 Job 103 101 DL Job 103 FOH 102 DL Total FOH Total DL JOB 101 Job 102 P168,000 38,400 Job 103 DM P68,040 DM Less: DL 60,000 DL 44,400 DL 54,000 FOH 90,000 FOH 66,600 Direct Materials P 18,000 P179,040 FOH 75,600 Total Total 168,000 What amount of factory overhead is applied to Job 101? A. P66,000 В. 75,600 С. 36,000 D. 90,000 What is the total amount of direct materials for Job 102? A. P44,400 В. 18,000 С. 90,000 D. 23,400

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
1. The following information pertains to the Ethel Company in November Direct Material Direct Labor Factory Overhead Job 101 P38,400 P54,000 Job 102 60,000 ? Job 103 68,040 P66,600 Ethel Company applies factory overhead for Job 101 at 140% of direct labor cost and at 150% of direct labor for Jobs 102 and 103. The total cost of Jobs 101 and 102 is the same. Job 101 FOH 54,000X140%=75,600 Direct Labor 66,600/1.5=44,400 Job 102 FOH 60,000 X150%=90,000 54,000 =66,600 60,000 P232,200 P158,400 Job 103 101 DL Job 103 FOH 102 DL Total FOH Total DL JOB 101 Job 102 P68,040 P168,000 38,400 Job 103 DM DM Less: DL 60,000 DL 44,400 DL 54,000 FOH 90,000 FOH 66,600 Direct Materials P 18,000 P179,040 FOH 75,600 Total Total 168,000 What amount of factory overhead is applied to Job 101? A. P66,000 В. 75,600 С. 36,000 D. 90,000 What is the total amount of direct materials for Job 102? A. P44,400 В. 18,000 С. 90,000 D. 23,400
Transcribed Image Text:1. The following information pertains to the Ethel Company in November Direct Material Direct Labor Factory Overhead Job 101 P38,400 P54,000 Job 102 60,000 ? Job 103 68,040 P66,600 Ethel Company applies factory overhead for Job 101 at 140% of direct labor cost and at 150% of direct labor for Jobs 102 and 103. The total cost of Jobs 101 and 102 is the same. Job 101 FOH 54,000X140%=75,600 Direct Labor 66,600/1.5=44,400 Job 102 FOH 60,000 X150%=90,000 54,000 =66,600 60,000 P232,200 P158,400 Job 103 101 DL Job 103 FOH 102 DL Total FOH Total DL JOB 101 Job 102 P68,040 P168,000 38,400 Job 103 DM DM Less: DL 60,000 DL 44,400 DL 54,000 FOH 90,000 FOH 66,600 Direct Materials P 18,000 P179,040 FOH 75,600 Total Total 168,000 What amount of factory overhead is applied to Job 101? A. P66,000 В. 75,600 С. 36,000 D. 90,000 What is the total amount of direct materials for Job 102? A. P44,400 В. 18,000 С. 90,000 D. 23,400
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS