5. Summer Company produces two types of products: A and B. Both are produced on the same assembly line but are considered separate divisions. The company wants to know how to allocate manufacturing overhead to the products. The relevant data for the possible allocation bases are given below B P25,000 35,000 P145,000 15,000 30,000 The company incurred manufacturing overhead of P48,000. Using direct labor hours, how much overhead will be allocated to the B? A Materials used P40,000 20,000 P100,000 6,000 25,000 Direct labor hours Direct labor costs Machine hours Output units a. P29,544 b. P30,545 C. P30,455 d. P34,054 6. Using machine hours, how much overhead will be allocated to the A? a. P13,714 b. P28,500 C. P17,455 d. P34,286

5. Summer Company produces two types of products: A and B. Both are produced on the same assembly line but are considered separate divisions. The company wants to know how to allocate manufacturing overhead to the products. The relevant data for the possible allocation bases are given below B P25,000 35,000 P145,000 15,000 30,000 The company incurred manufacturing overhead of P48,000. Using direct labor hours, how much overhead will be allocated to the B? A Materials used P40,000 20,000 P100,000 6,000 25,000 Direct labor hours Direct labor costs Machine hours Output units a. P29,544 b. P30,545 C. P30,455 d. P34,054 6. Using machine hours, how much overhead will be allocated to the A? a. P13,714 b. P28,500 C. P17,455 d. P34,286

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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