Chris Company showed cost of goods sold of P 4,320,000 in its statement of comprehensive income after its first year of operations. The total manufacturing cost comprised 50% materials used, 30% direct labor incurred, and 20% manufacturing overhead. Goods in process at year- end were 10% of the total manufacturing cost. Finished goods at year-end amounted to 20% of the cost of goods manufactured. What is the amount of the total manufacturing overhead? O a. 2,400,000 O b. 3,000,000 O c. 5,400,000 O d. 1,200,000
Chris Company showed cost of goods sold of P 4,320,000 in its statement of comprehensive income after its first year of operations. The total manufacturing cost comprised 50% materials used, 30% direct labor incurred, and 20% manufacturing overhead. Goods in process at year- end were 10% of the total manufacturing cost. Finished goods at year-end amounted to 20% of the cost of goods manufactured. What is the amount of the total manufacturing overhead? O a. 2,400,000 O b. 3,000,000 O c. 5,400,000 O d. 1,200,000
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter6: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 2CMA
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QUESTION 47
Cost Accounting
Choose the answer from the choices
![Chris Company showed cost of goods sold of P 4,320,000 in its statement of comprehensive
income after its first year of operations. The total manufacturing cost comprised 50% materials
used, 30% direct labor incurred, and 20% manufacturing overhead. Goods in process at year-
end were 10% of the total manufacturing cost. Finished goods at year-end amounted to 20%
of the cost of goods manufactured. What is the amount of the total manufacturing overhead?
O a. 2,400,000
O b. 3,000,000
O C. 5,400,000
O d. 1,200,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc825738c-b9c3-4d68-8096-5eaeda6e5829%2F2ed0b6e4-36cb-45f4-9750-3543d49bdcde%2Fsy341so_processed.png&w=3840&q=75)
Transcribed Image Text:Chris Company showed cost of goods sold of P 4,320,000 in its statement of comprehensive
income after its first year of operations. The total manufacturing cost comprised 50% materials
used, 30% direct labor incurred, and 20% manufacturing overhead. Goods in process at year-
end were 10% of the total manufacturing cost. Finished goods at year-end amounted to 20%
of the cost of goods manufactured. What is the amount of the total manufacturing overhead?
O a. 2,400,000
O b. 3,000,000
O C. 5,400,000
O d. 1,200,000
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