JPE Corporation has a job order cost systom. JPE appliesoverhoad to production at a prodotorminod ovorhead rate of90% based on the diroct labor cost Job # 123, the only job still inprocess at the end of November 2020, has beon charged withfactory overhead of P2250 The following debits (credits)appeared in the general ledger account work-in-process for themonth of NovemberNovomber 1 balancoP12,000November 30 diroct materials40,000Novomber 30 diroct labor30,000November 30 factory ovorhoad27,000Novomber 30 to finished goods(100,000)What is the amount of direct labor chargod to Job # 123 as at theend of November 2020?Soloct one:A PO 000B.P.2.250C P4250DP2600

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Description: JPE Corporation has a job order cost systom. JPE appliesoverhoad to production at a prodotorminod ovorhead rate of90% based on the diroct labor cost Job # 123, the only job still inprocess at the end of November 2020, has beon charged withfactory ov

The amount to be charged to job #123 include: material cost, labor cost and overhead cost. Overhead…

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JPE Corporation has a job order cost systom. JPE applies overhoad to production at a prodotorminod ovorhead rate of 00X based on the diroct labor cost Job # 123 the only job still in procoss at the ond of Novomber 2020, has boon chargod with factory overhead of P2250 Tho following dobits (credits) appeared in the goneral ledgor account work-in-process for the month of November. Novomber 1 balanco P12,000 November 30 diroct materials 40,000 Novomber 30 diroct labor 30.000 November 30 factory ovorhoad 27,000 Novomber 30 to finishod goods (100,000) What is the amount of direct labor chargod to Job # 123 as at the end of November 2020? Soloct one: A PO 000 BP2.250 C P4250 D PG00

JPE Corporation has a job order cost systom. JPE applies overhoad to production at a prodotorminod ovorhead rate of 00X based on the diroct labor cost Job # 123 the only job still in procoss at the ond of Novomber 2020, has boon chargod with factory overhead of P2250 Tho following dobits (credits) appeared in the goneral ledgor account work-in-process for the month of November. Novomber 1 balanco P12,000 November 30 diroct materials 40,000 Novomber 30 diroct labor 30.000 November 30 factory ovorhoad 27,000 Novomber 30 to finishod goods (100,000) What is the amount of direct labor chargod to Job # 123 as at the end of November 2020? Soloct one: A PO 000 BP2.250 C P4250 D PG00

FINANCIAL ACCOUNTING

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ISBN:9781259964947

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Chapter1: Financial Statements And Business Decisions

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Concept explainers

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.

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JPE Corporation has a job order cost systom. JPE applies
overhoad to production at a prodotorminod ovorhead rate of
90% based on the diroct labor cost Job # 123, the only job still in
process at the end of November 2020, has beon charged with
factory overhead of P2250 The following debits (credits)
appeared in the general ledger account work-in-process for the
month of November
Novomber 1 balanco
P12,000
November 30 diroct materials
40,000
Novomber 30 diroct labor
30,000
November 30 factory ovorhoad
27,000
Novomber 30 to finished goods
(100,000)
What is the amount of direct labor chargod to Job # 123 as at the
end of November 2020?
Soloct one:
A PO 000
B.P.2.250
C P4250
DP2600

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