Pasig Corp uses job order costing to produce its products. It applied a factory overhead at P18.00 per DL hour. Workers earn P12.00 per hour. The ollowing data relates to job worked in August 2020. Job 12 Job 13 Beginning Inventory Cost Materials P51,000.00 P15,000.00 Labor 72,000.00 12,000.00 Factory overhead 135,000.00 22,500.00 Total P258,000.00 P49,500.00 Cost incurred in August Job 12 Job 13 Job 14 Job 15 Materials 16,500.00 69,000.00 90,000.00 13,500.00 Labor 24,000.00 48,000.00 78,000.00 18,000.00 Jobs 12, 13 and 14 were completed and only Job 14 were sold. Job 15 was not finished at the end of August. Total Factory overhead cost incurred during August amounted to P318,000.00 Joh 12 Joh 12 Joh 14 Joh 15

Pasig Corp uses job order costing to produce its products. It applied a factory overhead at P18.00 per DL hour. Workers earn P12.00 per hour. The ollowing data relates to job worked in August 2020. Job 12 Job 13 Beginning Inventory Cost Materials P51,000.00 P15,000.00 Labor 72,000.00 12,000.00 Factory overhead 135,000.00 22,500.00 Total P258,000.00 P49,500.00 Cost incurred in August Job 12 Job 13 Job 14 Job 15 Materials 16,500.00 69,000.00 90,000.00 13,500.00 Labor 24,000.00 48,000.00 78,000.00 18,000.00 Jobs 12, 13 and 14 were completed and only Job 14 were sold. Job 15 was not finished at the end of August. Total Factory overhead cost incurred during August amounted to P318,000.00 Joh 12 Joh 12 Joh 14 Joh 15

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Description: Fill in the blanks:Pasig Corp uses job order costing to produce its products. It applied a factory overhead at P18.00 per DL hour. Workers earn P12.00 per hour. Thefollowing data relates to job worked in August 2020.Job 12Job 13Beginning Inventory C

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Fill in the blanks: Pasig Corp uses job order costing to produce its products. It applied a factory overhead at P18.00 per DL hour. Workers earn P12.00 per hour. The following data relates to job worked in August 2020. Job 12 Job 13 Beginning Inventory Cost Materials P51,000.00 P15,000.00 Labor 72,000.00 12,000.00 Factory overhead 135,000.00 22,500.00 Total P258,000.00 B49,500.00 Cost incurred in August Job 12 Job 13 Job 14 Job 15 Materials 16,500.00 69,000.00 90,000.00 13,500.00 Labor 24,000.00 48,000.00 78,000.00 18,000.00 Jobs 12, 13 and 14 were completed and only Job 14 were sold. Job 15 was not finished at the end of August. Total Factory overhead cost incurred during August amounted to P318,000.00 Job 12 Job 13 Job 14 Job 15 a Determine the factory overhead applied to Determine the amount of over - under applied foh for the month of August P10000.00U (pag underapplied) P250000.000 (Pag overapplied) b Determine: Work in Process - End Finished Goods - End Cost of Goods Sold Compute…
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