202 Chapter 617. Gerry's Electronics manufactures mouses for computers. In April, the twopróduction departments had budgeted allocation bases of P5,000 machinehours in Department 1 and 2,500 direct manufacturing labor hours inDepartment 2. The budgeted manufacturing overheads for the month wereP23,000 and P25,000, respectively. For Job 100, the actual costs incurred inthe two departments were as follows:Department 1P44,00013,00021,0004,4003,000Department 2P71,0005,40021,4003,6001,9001,500Direct materials purchased on accountDirect materials usedDirect manufacturing laborIndirect manufacturing laborIndirect materials usedLease on equipmentUtilities6,500400500Job 100 incurred 500 machine hours in Department 1 and 150 manufacturinglabor hours in Department 2. The company uses a budgeted departmentaloverhead rate for applying overhead to production.What is the budgeted manufacturing overhead rate for Department 1?P 4.60 per hourP 5.00 per hourP 9.20 per hourP10.00 per houra.b.с.d.Gerry's Electronics manufactures mouses for computers. In April, the twoproduction departments had budgeted allocation bases of P5,000 machinehours in Department 1 and 2,500. direct manufacturing labor hours inDepartment 2. The budgeted manufacturing overheads for the month wereP23,000 and P25,000, respectively. For Job 100, the actual costs incurred inthe two departments were as follows:18.Direct materials purchased on accountDirect materials usedDirect manufacturing laborIndirect manufacturing laborIndirect materials usedLease on equipmentUtilitiesDepartment 1P44,00013,00021,0004,4003,0006,500400Department 2P71,0005.40021,4003,6001,9001,500500 Job 100 incurred 500 machine hours in Department 1 and 150 manufacturingSystems Design: Job-Order Costing 203er hours in Department 2. The company uses a budgeted departmentaloverhead rate for applying overhead to production.What is the budgeted manufacturing overhead rate for Department 2?P 4.60P 5.00Р 9.20P10.00a.b.с.d.Gerry's Electronics manufactures mouses for computers. In April, the two19.production departments had budgeted allocation bases of P5,000 machinehours in Department 1 and 2,500 direct manufacturing labor hours inDepartment 2. The budgeted manufacturing overheads for the month wereP23,000 and P25,000, respectively. For Job 100, the actual costs incurred inthe two departments were as follows:Direct materials purchased on accountDirect materials usedDirect manufacturing laborIndirect manufacturing laborIndirect materials usedLease on equipmentUtilitiesDepartment 1P44,00013,00021,000Department 2P71,0005,40021,4003,6004,4003,0006,5004001,9001,500500Job 100 incurred 500 machine hours in Department 1 and 150 manufacturinglabor hours in Department 2. The company uses a budgeted departmentaloverhead rate for applying overhead to production.What is the total cost of Job 100?P18,400b.a.P60,800P64,600d.c.P82,600

ANSWER (17). (a). P4.60 (18). (d). P10.00 (19). (c). P64,600

Gerry's Electronics manufactures mouses for computers. In April, the two próduction departments had budgeted allocation bases of P5,000 machine hours in Department 1 and 2,500 direct manufacturing labor hours in Department 2. The budgeted manufacturing overheads for the month were P23,000 and P25,000, respectively. For Job 100, the actual costs incurred in the two departments were as follows:

Gerry's Electronics manufactures mouses for computers. In April, the two próduction departments had budgeted allocation bases of P5,000 machine hours in Department 1 and 2,500 direct manufacturing labor hours in Department 2. The budgeted manufacturing overheads for the month were P23,000 and P25,000, respectively. For Job 100, the actual costs incurred in the two departments were as follows:

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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