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ABC Company reports the following cost information for December:Cost of goods manufactured P135,800; Finished goods inventory, December 1 P30,200; Finished goods inventory, December 31 P35,300; Work-in-process inventory December 1 P22,500; Work-in-process inventory December 31, PP18,500; Raw materials used P25, 300; Period Costs P50,500. Direct labor incurred in December amount to 150 percent of manufacturing overhead in December. What is the amount of direct labor incurred by ABC Company in December? A. 75,200 B. 39,700 C. 63,900 D. 49,250

ABC Company reports the following cost information for December:Cost of goods manufactured P135,800; Finished goods inventory, December 1 P30,200; Finished goods inventory, December 31 P35,300; Work-in-process inventory December 1 P22,500; Work-in-process inventory December 31, PP18,500; Raw materials used P25, 300; Period Costs P50,500. Direct labor incurred in December amount to 150 percent of manufacturing overhead in December. What is the amount of direct labor incurred by ABC Company in December? A. 75,200 B. 39,700 C. 63,900 D. 49,250

FINANCIAL ACCOUNTING
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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ABC Company reports the following cost information for December:Cost of goods manufactured P135,800; Finished goods inventory, December 1 P30,200; Finished goods inventory, December 31 P35,300; Work-in-process inventory December 1 P22,500; Work-in-process inventory December 31, PP18,500; Raw materials used P25, 300; Period Costs P50,500. Direct labor incurred in December amount to 150 percent of manufacturing overhead in December. What is the amount of direct labor incurred by ABC Company in December? A. 75,200 B. 39,700 C. 63,900 D. 49,250
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