Direct Material Direct Labor Factory Overhead ??? Job #1 Job # 2 P 38,400 ??? P54,000 60,000 ??? ??? Job # 3 68,040 66,600 NCOV Company applies factory overhead for Job No. 1 at 140% direct labor cost and at 150% of direct labor cost for Jobs #2 and #3. The total cost of Jobs #1 and #2 is the same. a) What amount of factory overhead is applied to Job No. 1? b) What is the total amount of direct materials for Job No. 2? c) Assume that Jobs 1 and 3 are not completed as of November, what is the balance in

Direct Material Direct Labor Factory Overhead ??? Job #1 Job # 2 P 38,400 ??? P54,000 60,000 ??? ??? Job # 3 68,040 66,600 NCOV Company applies factory overhead for Job No. 1 at 140% direct labor cost and at 150% of direct labor cost for Jobs #2 and #3. The total cost of Jobs #1 and #2 is the same. a) What amount of factory overhead is applied to Job No. 1? b) What is the total amount of direct materials for Job No. 2? c) Assume that Jobs 1 and 3 are not completed as of November, what is the balance in

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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