19. Gerry's Electronics manufactures mouses for computers. In April, the two production departments had budgeted allocation bases of P5,000 machine hours in Department 1 and 2,500 direct manufacturing labor hours in Department 2. The budgeted manufacturing overheads for the month were P23,000 and P25,000, respectively. For Job 100, the actual costs incurred in the two departments were as follows: Department 2 P71,000 5.400 21,400 3,600 Department 1 P44,000 Direct materials purchased on account Direct materials used Direct manufacturing labor Indirect manufacturing labor Indirect materials used Lease on equipment Utilities 13,000 21,000 4,400 3,000 6,500 400 1,900 1,500 500 Job 100 incurred 500 machine hours in Department I and 150 manufacturing labor hours in Department 2. The company uses a budgeted departmental overhead rate for applying overhead to production. What is the total cost of Job 100? P18,400 P60,800 P64,600 P82,600 a. b. с. d.

19. Gerry's Electronics manufactures mouses for computers. In April, the two production departments had budgeted allocation bases of P5,000 machine hours in Department 1 and 2,500 direct manufacturing labor hours in Department 2. The budgeted manufacturing overheads for the month were P23,000 and P25,000, respectively. For Job 100, the actual costs incurred in the two departments were as follows: Department 2 P71,000 5.400 21,400 3,600 Department 1 P44,000 Direct materials purchased on account Direct materials used Direct manufacturing labor Indirect manufacturing labor Indirect materials used Lease on equipment Utilities 13,000 21,000 4,400 3,000 6,500 400 1,900 1,500 500 Job 100 incurred 500 machine hours in Department I and 150 manufacturing labor hours in Department 2. The company uses a budgeted departmental overhead rate for applying overhead to production. What is the total cost of Job 100? P18,400 P60,800 P64,600 P82,600 a. b. с. d.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Roget Factory has budgeted factory overhead for the year at $5,035,800. It plans to produce 2,000,000 units of product. Budgeted direct labor hours are 327,000, and budgeted machine hours are 750,000. Using a single plantwide factory overhead rate based on direct labor hours, the factory overhead rate for the year is a.$15.40 b.$7.70 c.$20.02 d.$73.92
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Ace Widget Company is a process manufacturer. The company budgeted 11,500 direct labor hours, but it had actual direct labor hours of 12,000. The company produced 60,000 equivalent units, spending $300,000 on material. The labor rate is $15 per hour, and overhead is applied at a rate of $25 per direct labor hour. What is the total manufacturing cost per unit? a. $11.92 b. $15.00 c. $12.67 d. $13.00
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if job 10 consists of 50 units of product, what is the unit cost of this job?