Aquamarine Factory produces two products: table lamps and desk lamps. It has two separate departments: Fabrication and Assembly. The factory overhead budget for the Fabrication Department is P550,000, using 500,000 direct labor hours. The factory overhead budget for the Assembly Department is P400,000, using 80,000 direct labor hours. If a table lamp requires 2 hours of fabrication and 1 hour of assembly, the total amount of factory overhead that Aquamarine Factory will allocate to table lamps using the multiple production department factory overhead rate method with an allocation base of direct labor hours if 75,000 units are produced is ___
Aquamarine Factory produces two products: table lamps and desk lamps. It has two separate departments: Fabrication and Assembly. The factory overhead budget for the Fabrication Department is P550,000, using 500,000 direct labor hours. The factory overhead budget for the Assembly Department is P400,000, using 80,000 direct labor hours. If a table lamp requires 2 hours of fabrication and 1 hour of assembly, the total amount of factory overhead that Aquamarine Factory will allocate to table lamps using the multiple production department factory overhead rate method with an allocation base of direct labor hours if 75,000 units are produced is ___
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Aquamarine Factory produces two products: table lamps and desk lamps. It has two separate
departments: Fabrication and Assembly. The factory
Department is P550,000, using 500,000 direct labor hours. The factory overhead budget for the
Assembly Department is P400,000, using 80,000 direct labor hours.
If a table lamp requires 2 hours of fabrication and 1 hour of assembly, the total amount of factory
overhead that Aquamarine Factory will allocate to table lamps using the multiple production
department factory overhead rate method with an allocation base of direct labor hours if 75,000
units are produced is ____.
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