In a manufacturing plant of pancit canton, there are two (2) departments. Department A incurred raw materials amounting to ₱200,000 while Department B incurred ₱150,000. Department A has three (3) employees with a monthly salary of ₱12,000 each while department B has four (4) employees with a monthly salary of ₱14,000 each. The determined manufacturing overhead of Department A was ₱60,000 while Department B was ₱70,000. The work-in-process cost of Department A would be? a. ₱296,000 b. ₱272,000 c. ₱274,000 d. ₱316,000 The work-in-process cost of Department B would be? a. ₱234,000 b. ₱276,000 c. ₱232,000 d. ₱256,000 The total product cost would be? a. ₱530,000 b. ₱572,000 c. ₱548,000 d. ₱506,000
In a manufacturing plant of pancit canton, there are two (2) departments. Department A incurred raw materials amounting to ₱200,000 while Department B incurred ₱150,000. Department A has three (3) employees with a monthly salary of ₱12,000 each while department B has four (4) employees with a monthly salary of ₱14,000 each. The determined manufacturing overhead of Department A was ₱60,000 while Department B was ₱70,000. The work-in-process cost of Department A would be? a. ₱296,000 b. ₱272,000 c. ₱274,000 d. ₱316,000 The work-in-process cost of Department B would be? a. ₱234,000 b. ₱276,000 c. ₱232,000 d. ₱256,000 The total product cost would be? a. ₱530,000 b. ₱572,000 c. ₱548,000 d. ₱506,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
In a manufacturing plant of pancit canton, there are two (2) departments. Department A incurred raw materials amounting to ₱200,000 while Department B incurred ₱150,000. Department A has three (3) employees with a monthly salary of ₱12,000 each while department B has four (4) employees with a monthly salary of ₱14,000 each. The determined manufacturing overhead of Department A was ₱60,000 while Department B was ₱70,000. The work-in-process cost of Department A would be?
a. ₱296,000
b. ₱272,000
c. ₱274,000
d. ₱316,000
The work-in-process cost of Department B would be?
a. ₱234,000
b. ₱276,000
c. ₱232,000
d. ₱256,000
The total product cost would be?
a. ₱530,000
b. ₱572,000
c. ₱548,000
d. ₱506,000
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