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oduction for the month in units for Job 88 was 8,500 and for Job 08 was 5,000 the end of August, Job 08 had a total cost still in process in the amount of P18,750 while Job 88 had total cost in prod 31,300. Total budgeted overhead of both jobs for the month of September was P786,200. was estimated that Job 88's application of overhead will be based on 18,600 machine hours while Job 08 will be bas 4,500 direct labor hours he following data extracted from the job cost sheet of Job 08 and Job 88 during the month of September: Job 08 Job 88 Direct material cost Direct labor hours 86,500 680 78,700 940 Machine hours 500 1590

oduction for the month in units for Job 88 was 8,500 and for Job 08 was 5,000 the end of August, Job 08 had a total cost still in process in the amount of P18,750 while Job 88 had total cost in prod 31,300. Total budgeted overhead of both jobs for the month of September was P786,200. was estimated that Job 88's application of overhead will be based on 18,600 machine hours while Job 08 will be bas 4,500 direct labor hours he following data extracted from the job cost sheet of Job 08 and Job 88 during the month of September: Job 08 Job 88 Direct material cost Direct labor hours 86,500 680 78,700 940 Machine hours 500 1590

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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PDMN Co. used job order costing system. During the month of September, the company had two jobs. Job 08 and Job 88. Total production for the month in units for Job 88 was 8,500 and for Job 08 was 5,000 At the end of August, Job 08 had a total cost still in process in the amount of P18,750 while Job 88 had total cost in process of P31,300. Total budgeted overhead of both jobs for the month of September was P786,200. was estimated that Job 88's application of overhead will be based on 18,600 machine hours while Job 08 will be based on 14,500 direct labor hours The following data extracted from the job cost sheet of Job 08 and Job 88 during the month of September: Job 08 Job 88 Direct material cost Direct labor hours 86,500 680 78,700 940 1,590 Machine hours 500 Labor rate 35 40 During the month, the actual overhead incurred for Job08 was P25,300 and the end of the month, Job08's overhead control account had a debit balance of P7,620. On the other hand Job 88's actual overhead incurred was P31,200 42. What is the overhead applied for Job88 during the month of September? a. 67,209 c. 34,980 d. 26,527 b. 20,680 43. What is the total cost of Job08 at the end of September? a.127,980 b. 146,730 c. 135,600 d. 154,350 44. What is the conversion cost during the month of September? a. 114,060 b.117,900 c. 99,760 d. 121,680 45. What is the total cost of Job88 during the month of September? a.182,580 c. 151, 280 b. 147,500 d. 178,800
Transcribed Image Text:PDMN Co. used job order costing system. During the month of September, the company had two jobs. Job 08 and Job 88. Total production for the month in units for Job 88 was 8,500 and for Job 08 was 5,000 At the end of August, Job 08 had a total cost still in process in the amount of P18,750 while Job 88 had total cost in process of P31,300. Total budgeted overhead of both jobs for the month of September was P786,200. was estimated that Job 88's application of overhead will be based on 18,600 machine hours while Job 08 will be based on 14,500 direct labor hours The following data extracted from the job cost sheet of Job 08 and Job 88 during the month of September: Job 08 Job 88 Direct material cost Direct labor hours 86,500 680 78,700 940 1,590 Machine hours 500 Labor rate 35 40 During the month, the actual overhead incurred for Job08 was P25,300 and the end of the month, Job08's overhead control account had a debit balance of P7,620. On the other hand Job 88's actual overhead incurred was P31,200 42. What is the overhead applied for Job88 during the month of September? a. 67,209 c. 34,980 d. 26,527 b. 20,680 43. What is the total cost of Job08 at the end of September? a.127,980 b. 146,730 c. 135,600 d. 154,350 44. What is the conversion cost during the month of September? a. 114,060 b.117,900 c. 99,760 d. 121,680 45. What is the total cost of Job88 during the month of September? a.182,580 c. 151, 280 b. 147,500 d. 178,800
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