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Lily Inc. manufactures furniture. During the current period, 160 tables were incorrectly shaped on job number 222 and had to be replaced. Although the detective table legs cannot be used on the job, they can be sold to a local lumber company for P2 each. The cost of the 160 defective table legs is: Materials (160 legs x P5.00); Labor (4 hours x P24.00 per hour) and Manufacturing overhead (4 hours x P48.00 per hour). How much will be debited to Manufacturing Overhead Control? a. P768 b. P320 c. P1,088 d. P 0

Lily Inc. manufactures furniture. During the current period, 160 tables were incorrectly shaped on job number 222 and had to be replaced. Although the detective table legs cannot be used on the job, they can be sold to a local lumber company for P2 each. The cost of the 160 defective table legs is: Materials (160 legs x P5.00); Labor (4 hours x P24.00 per hour) and Manufacturing overhead (4 hours x P48.00 per hour). How much will be debited to Manufacturing Overhead Control? a. P768 b. P320 c. P1,088 d. P 0

FINANCIAL ACCOUNTING
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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Lily Inc. manufactures furniture. During the current period, 160 tables were
incorrectly shaped on job number 222 and had to be replaced. Although the detective table legs cannot be used on the job, they can be sold to a local lumber company for P2 each. The cost of the 160 defective table legs is: Materials (160 legs x P5.00); Labor (4 hours x P24.00 per hour) and Manufacturing overhead (4 hours x P48.00 per hour). How much will
be debited to Manufacturing Overhead Control?

a. P768
b. P320
c. P1,088
d. P 0

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