Diet Company manufactures office tables and chairs using the job order cost system. The following data were taken from the records as of April 30, the first month of operations Job No. Materials Cost DL Hours Direct Labor Cost 121 2,160.00 650 800.00 122 4,575.00 1,850 3,625.00 123 5,637.50 4,100 7,162.50 124 1,612.50 750 1,400.00 125 3,250.00 1,600 3,050.00 126 1,375.00 490 825.00 In April, Job Numbers 121, 122, 124, and 125 were completed. Job No. 124 and 125 were sold for P6,250 and P15,897.50, respectively. Overhead is applied to the jobs at the rate of P1.50 per direct labor hour. Actual Factory overhead for April amounted to P15,175 1. Over/under applied overhead amounts to? 2. The total cost of goods manufactured for the month was? 3. The gross profit for the month? 4. The cost of goods sold actual for the month ?
Accounting
Diet Company manufactures office tables and chairs using the
|
Job No. |
Materials Cost |
DL Hours |
Direct Labor Cost |
|
121 |
2,160.00 |
650 |
800.00 |
|
122 |
4,575.00 |
1,850 |
3,625.00 |
|
123 |
5,637.50 |
4,100 |
7,162.50 |
|
124 |
1,612.50 |
750 |
1,400.00 |
|
125 |
3,250.00 |
1,600 |
3,050.00 |
|
126 |
1,375.00 |
490 |
825.00 |
In April, Job Numbers 121, 122, 124, and 125 were completed. Job No. 124 and 125 were sold for P6,250 and P15,897.50, respectively.
1. Over/under applied overhead amounts to?
2. The total cost of goods manufactured for the month was?
3. The gross profit for the month?
4. The cost of goods sold actual for the month ?
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