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 Actual machine hours for the year Predetermined overhead rate 42,000 40,800 P 1.50 per MH P 2,600 year 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 Actual OH а.. P 63,000 P 60,400 b. 63,000 65,600 61,200 58,600 с. 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 Actual machine hours for the year Predetermined overhead rate 42,000 40,800 P 1.50 per MH P 2,600 year 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 Actual OH а.. P 63,000 P 60,400 b. 63,000 65,600 61,200 58,600 с. d. 61,200 63,800
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text: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
42,000
40,800
P 1.50 per MH
P 2,600
Predetermined overhead rate
Underapplied factory overhead
11. What is the peso amount of the following items?
Estimated OH
P 61,200
Р 61,200
P 63,000
P 63,000
Applied OH
Р 63,000
Actual OH
P 60,400
а..
b.
63,000
65,600
с.
61,200
58,600
d.
61,200
63,800
Transcribed Image Text:Justine Company budgeted total variable overhead costs at P180,000 for the current
period. In addition, they budgeted costs for factory rent at P215,000, costs for
depreciation of office equipment at P12,000 costs for office rent at P92,000, and costs
for depreciation of factory equipment at P 38,000. All these costs were based upon
estimated machine hours of 80,000. At the end of the period, the Factory Overhead
control 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?
а. Р 12,650 overapplied
b. P 12,650 underapplied
c.. P 108,850 overapplied
d.. P 108,850,underapplied
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