Adams Co. uses a job order costing system and the following information is available from its records. The company has 3 jobs in process: #5, #8, and #12.Raw material used P 120,000Direct labor per hour P8.50Overhead applied based on direct labor cost 120%Direct material was requisitioned as follows for each job respectively: 30 percent, 25 percent, and 25 percent; the balance of the requisitions was considered indirect. Direct labor hours per jobare 2,500; 3,100; and 4,200; respectively. Indirect labor is P33,000.Other actual overhead costs totaled P36,000 (a) What is the prime cost of Job #5? (b)What is the total amount of overhead applied to Job #8? (c) What is the total amount of actual overhead?
Adams Co. uses a job order costing system and the following information is available from its records. The company has 3 jobs in process: #5, #8, and #12.Raw material used P 120,000Direct labor per hour P8.50Overhead applied based on direct labor cost 120%Direct material was requisitioned as follows for each job respectively: 30 percent, 25 percent, and 25 percent; the balance of the requisitions was considered indirect. Direct labor hours per jobare 2,500; 3,100; and 4,200; respectively. Indirect labor is P33,000.Other actual
(a) What is the prime
(b)What is the total amount of overhead applied to Job #8?
(c) What is the total amount of actual overhead?
(d) How much overhead is applied to Work in Process?
(e) Assume the balance in Work in Process Inventory was P18,500 on June 1 and P25,297 on June 30. The balance on June 30 represents one job that contains direct material of P11,250. How many direct labor hours have been worked on this job (rounded to the nearest hour)?
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