D'Santos uses a job-order cost system with machine hours as an overhead base. Thefollowing information relates to D'Santos for last year:Estimated machine hours for the yearActual machine hours for the yearPredetermined overhead rateUnderapplied factory overhead11. What is the peso amount of the following items?Estimated OHP 61,200P 61,200P 63,00042,00040,800P 1.50 per MHP 2,600Applied OHActual OHа..P 63,000P 60,400b.63,00065,600с.61,20058,600d.P 63,00061,20063,800 Justine Company budgeted total variable overhead costs at P180,000 for the currentperiod. In addition, they budgeted costs for factory rent at P215,000, costs fordepreciation of office equipment at P12,000 coșts for office rent at P92,000, and costsfor depreciation of factory equipment at P 38,000. All these costs were based uponestimated machine hours of 80,000. At the end of the period, the Factory Overheadcontrol account had a balance of P 387,875. Actual machine hours were 74,000.12. What was the over or underapllied factory overhead for the period?P 12,650 overappliedb.а.P 12,650 underappliedP 108,850 overappliedd.с.P 108,850 underapplied

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Description: D'Santos uses a job-order cost system with machine hours as an overhead base. Thefollowing information relates to D'Santos for last year:Estimated machine hours for the yearActual machine hours for the yearPredetermined overhead rateUnderapplied fac

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D'Santos uses a job-order cost system with machine hours as an overhead base. The following information relates to D'Santos for last year: Estimated machine hours for the year Actual machine hours for the year Predetermined overhead rate 42,000 40,800 P 1.50 per MH P 2,600 Underapplied factory overhead 11. What is the peso amount of the following items? Estimated OH P 61,200 P 61,200 P 63,000 P 63,000 Applied OH P 63,000 Actual OH P 60,400 а.. b. 63,000 65,600 с. 61,200 58,600 d. 61,200 63,800

D'Santos uses a job-order cost system with machine hours as an overhead base. The following information relates to D'Santos for last year: Estimated machine hours for the year Actual machine hours for the year Predetermined overhead rate 42,000 40,800 P 1.50 per MH P 2,600 Underapplied factory overhead 11. What is the peso amount of the following items? Estimated OH P 61,200 P 61,200 P 63,000 P 63,000 Applied OH P 63,000 Actual OH P 60,400 а.. b. 63,000 65,600 с. 61,200 58,600 d. 61,200 63,800

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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