a. Raw materials purchášed b. Raw materials requisitioned for use in production, P400,000 (80% direct and 20% indirect). c. Factory utility costs incurred, all on account, P102,000. d. Depreciation recorded on plant and equipment, P280,000. (80% relates to factory operations, and 5% to selling operations and 15% to administrative activities).

a. Raw materials purchášed b. Raw materials requisitioned for use in production, P400,000 (80% direct and 20% indirect). c. Factory utility costs incurred, all on account, P102,000. d. Depreciation recorded on plant and equipment, P280,000. (80% relates to factory operations, and 5% to selling operations and 15% to administrative activities).

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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