NUBD Co. manufactures office tables and chairs, and accounts for cost using the job order costing system. The followin g data were taken from company records as of October 31. No jo bs were in process at the beginning of the month: Direct Labor Direct Labor No. of hours 650 Job No. Materials P 2,160.00 4,575 5,637.50 1,612.50 3,250.00 1,375.00 Cost P 800.00 3,625.00 7,162.50 1,400.00 3,050.00 825.00 121 122 1,850 4,100 750 1,600 490 123 124 125 126 In October, Job Nos. 121 and 122 were com pleted and sold for P4,500 and P10,000, respectively. Job Nos. 124 and 125 were likewise completed during the month. Manufacuring overhead coss are applied to jobs at P1.50 per direct labor hour. Adual manufacturing overhead cost for the month amounted to P 15,175.
NUBD Co. manufactures office tables and chairs, and accounts for cost using the job order costing system. The followin g data were taken from company records as of October 31. No jo bs were in process at the beginning of the month: Direct Labor Direct Labor No. of hours 650 Job No. Materials P 2,160.00 4,575 5,637.50 1,612.50 3,250.00 1,375.00 Cost P 800.00 3,625.00 7,162.50 1,400.00 3,050.00 825.00 121 122 1,850 4,100 750 1,600 490 123 124 125 126 In October, Job Nos. 121 and 122 were com pleted and sold for P4,500 and P10,000, respectively. Job Nos. 124 and 125 were likewise completed during the month. Manufacuring overhead coss are applied to jobs at P1.50 per direct labor hour. Adual manufacturing overhead cost for the month amounted to P 15,175.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The cost of goods manufactured was
- P49,632.50
- P28,762.50
- P27,747.50
- P50,647.50
Transcribed Image Text:NUBD Co. manufactures office tables and chairs, and accounts for cost using the job order costing
system. The followin g data were taken from com pany records as of October 31. No jo bs were in
process at the beginning ofthe month:
Direct Labor
Direct Labor
Job No.
121
No. of hours
650
1,850
4,100
750
Materials
Cost
P 2,160.00
4,575
5,637.50
1,612.50
3,250.00
1,375.00
P 800.00
3,625.00
7,162.50
1,400.00
3,050.00
825.00
122
123
124
125
126
1,600
490
In October, Job Nos. 121 and 122 were com pleted and sold for P4,500 and P10,000, respectively.
Job Nos. 124 and 125 were likewise completed during the month. Manufacturing overhead coss
are applied to jobs at P1.50 per direct labor hour. Adual manufacturing overhead cost for the
month amounted to P 15,175.
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