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: Department X_ Department Y P 40,000 P 240,000 Direct Materials P 200,000 Direct labor Manufacturing overhead P 320,000 ?

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: Department X_ Department Y P 40,000 P 240,000 Direct Materials P 200,000 Direct labor Manufacturing overhead P 320,000 ?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

The total manufacturing costs associated with Job 4567 should be? a. ₱ 800,000 b. ₱ 1,440,000 c. ₱ 1,080,000 d. ₱ 1,560,000 e. ₱ 1,920,000 f. ₱ 1,560,000

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:
Department X
P 200,000
Department Y
P 40,000
P 240,000
Direct Materials
Direct labor
Manufacturing overhead
P 320,000

Definition Definition Total cost of procuring or producing a product or the cost that an individual or business owner undertakes for the manufacturing of goods.

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