Aglaonema Company is a local manufacturer that implements a job order system. Overhead is applied using a predetermined rate based on direct labor cost. The cost ledger shows the following information for the month of August: WORK IN PROCESS INVENTORY P296,000 Beginning balance Materials used P250,000 Goods manufactured 120,000 Direct labor 100,000 Applied overhead 80,000 The company had three jobs in the ending work in process that are expected to be delivered in the following month: Job #111 with direct materials of P35,000 and direct labor of P20,000 Job #112 with direct materials of P45,000 and direct labor of P25,000 Job #113 with applied overhead of P28,000 1. The total cost of Job #111 was: A. P71,000 B. P80,000 C. P90,000| D. P93,000 2. Refer to Item #39. Total cost of Job #112 was: A. P72,250 B. P90,000 C. P93,000 D. P101,250 3. Refer to Item #39. Total cost of Job #113 was: A P71,000 B. P72,250 C. P89,000 D. P93,000

Aglaonema Company is a local manufacturer that implements a job order system. Overhead is applied using a predetermined rate based on direct labor cost. The cost ledger shows the following information for the month of August: WORK IN PROCESS INVENTORY P296,000 Beginning balance Materials used P250,000 Goods manufactured 120,000 Direct labor 100,000 Applied overhead 80,000 The company had three jobs in the ending work in process that are expected to be delivered in the following month: Job #111 with direct materials of P35,000 and direct labor of P20,000 Job #112 with direct materials of P45,000 and direct labor of P25,000 Job #113 with applied overhead of P28,000 1. The total cost of Job #111 was: A. P71,000 B. P80,000 C. P90,000| D. P93,000 2. Refer to Item #39. Total cost of Job #112 was: A. P72,250 B. P90,000 C. P93,000 D. P101,250 3. Refer to Item #39. Total cost of Job #113 was: A P71,000 B. P72,250 C. P89,000 D. P93,000

Name: Aglaonema Company is a local manufacturer that implements a job order
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Description: Aglaonema Company is a local manufacturer that implements a job order system. Overhead is appliedusing a predetermined rate based on direct labor cost. The cost ledger shows the following informationfor the month of August:WORK IN PROCESS INVENTORYP

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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