Homework Help is Here – Start Your Trial Now!
Business
Accounting
3. Job Order and Process Costing-Seatwork - Word (Product Activation Failed) View Tell me what you want to do.... Insert Design Layout References Mailings Review 12 3 1*4 1. The firm applies an overhead worth P100,000. The correct journal entry would be? a. Work-in-Process 30 P 100,000 Accounts payable P100,000 b. Manufacturing overhead P 100,000 Accounts payable P100,000 C. Manufacturing overhead P 100,000 Work-in-process P 100,000 d. Work-in-process P 100,000 Manufacturing overhead P100,000 33 S 2. A firm uses a predetermined overhead rate base on direct labor cost to apply manufacturing overhead to jobs. The predetermined overhead rates for the year are 200% for Department X and 50% for Department Y. Job 4567 started and completed during the year, was charged with the following costs: Direct Materials Direct labor Manufacturing overhead P 200,000 ? P 320,000 Department Y The total manufacturing costs associated with Job 4567 should be? a. P 800,000 d. P 1,560,000 Department X P 40,000 P 240,000 ? C. P 1,080,000 f. P 1,560,000 I 105 22°C Cloudy 9/10 b. P 1,440,000 e. P 1,920,000 P ere to search

3. Job Order and Process Costing-Seatwork - Word (Product Activation Failed) View Tell me what you want to do.... Insert Design Layout References Mailings Review 12 3 1*4 1. The firm applies an overhead worth P100,000. The correct journal entry would be? a. Work-in-Process 30 P 100,000 Accounts payable P100,000 b. Manufacturing overhead P 100,000 Accounts payable P100,000 C. Manufacturing overhead P 100,000 Work-in-process P 100,000 d. Work-in-process P 100,000 Manufacturing overhead P100,000 33 S 2. A firm uses a predetermined overhead rate base on direct labor cost to apply manufacturing overhead to jobs. The predetermined overhead rates for the year are 200% for Department X and 50% for Department Y. Job 4567 started and completed during the year, was charged with the following costs: Direct Materials Direct labor Manufacturing overhead P 200,000 ? P 320,000 Department Y The total manufacturing costs associated with Job 4567 should be? a. P 800,000 d. P 1,560,000 Department X P 40,000 P 240,000 ? C. P 1,080,000 f. P 1,560,000 I 105 22°C Cloudy 9/10 b. P 1,440,000 e. P 1,920,000 P ere to search

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter17: Job Order Costing (job)
Section: Chapter Questions
Problem 3R: Now that your worksheet has been saved as JOB2, fill in the appropriate data for Job 8961. Save the...
See similar textbooks
icon
Related questions
Question
3. Job Order and Process Costing-Seatwork - Word (Product Activation Failed) View Tell me what you want to do.... Insert Design Layout References Mailings Review 12 3 1*4 1. The firm applies an overhead worth P100,000. The correct journal entry would be? a. Work-in-Process 30 P 100,000 Accounts payable P100,000 b. Manufacturing overhead P 100,000 Accounts payable P100,000 C. Manufacturing overhead P 100,000 Work-in-process P 100,000 d. Work-in-process P 100,000 Manufacturing overhead P100,000 33 S 2. A firm uses a predetermined overhead rate base on direct labor cost to apply manufacturing overhead to jobs. The predetermined overhead rates for the year are 200% for Department X and 50% for Department Y. Job 4567 started and completed during the year, was charged with the following costs: Direct Materials Direct labor Manufacturing overhead P 200,000 ? P 320,000 Department Y The total manufacturing costs associated with Job 4567 should be? a. P 800,000 d. P 1,560,000 Department X P 40,000 P 240,000 ? C. P 1,080,000 f. P 1,560,000 I 105 22°C Cloudy 9/10 b. P 1,440,000 e. P 1,920,000 P ere to search
Transcribed Image Text:3. Job Order and Process Costing-Seatwork - Word (Product Activation Failed) View Tell me what you want to do.... Insert Design Layout References Mailings Review 12 3 1*4 1. The firm applies an overhead worth P100,000. The correct journal entry would be? a. Work-in-Process 30 P 100,000 Accounts payable P100,000 b. Manufacturing overhead P 100,000 Accounts payable P100,000 C. Manufacturing overhead P 100,000 Work-in-process P 100,000 d. Work-in-process P 100,000 Manufacturing overhead P100,000 33 S 2. A firm uses a predetermined overhead rate base on direct labor cost to apply manufacturing overhead to jobs. The predetermined overhead rates for the year are 200% for Department X and 50% for Department Y. Job 4567 started and completed during the year, was charged with the following costs: Direct Materials Direct labor Manufacturing overhead P 200,000 ? P 320,000 Department Y The total manufacturing costs associated with Job 4567 should be? a. P 800,000 d. P 1,560,000 Department X P 40,000 P 240,000 ? C. P 1,080,000 f. P 1,560,000 I 105 22°C Cloudy 9/10 b. P 1,440,000 e. P 1,920,000 P ere to search
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS