Problem 2 The Antipolo company operates three departments. Product costsare tracked by department and assigned process costing system. Overhead isapplied to production in each department at a rate of 80 percent of direct laborcost.The hereunder T-account information pertains to the departmentoperations submitted by the cost accountant.Work in process - Stripping Dept. 120,000 Cost Transf.90,00080,000?Work in process - Adhesion Dept. 270,000 Cost Transf. 480,000Beg.?Beg.DMTrans. In ?DLDM22,600FODL|Ending 17,000FO?Ending20,600Work in Process - Packing Dept. 3150,00 Transf. Fgoods ??Finished Goods185,000 Cost of sales 770,000Beg.Beg.CoGmf 880,000DMDLFoEnding90,000Ending40,000 2B The Direct Labor cost incurred in Adhesion Dept. 2 isa. P76,000b. P95,000c. P96,000d. P171,00020 The direct material cost incurred in Packaging Dept.3 isa. P87,500B P90,000C P112,500D P177,4002DThe cost of goods put to process for the month of June is:A P717600В Р803,600C P957,000D P957,600

Name: Problem 2 The Antipolo company operates three departments. Product co
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Description: Problem 2 The Antipolo company operates three departments. Product costsare tracked by department and assigned process costing system. Overhead isapplied to production in each department at a rate of 80 percent of direct laborcost.The hereunder T-ac

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Problem 2 The Antipolo company operates three departments. Product costs are tracked by department and assigned process costing system. Overhead is applied to production in each department at a rate of 80 percent of direct labor cost. The hereunder T-account information pertains to the department operations submitted by the cost accountant. Work in process - Stripping Dept. 1 Work in process - Adhesion Dept. 2 70,000 Cost Transf. 480,000 20,000 Cost Transf. ? 90,000 80,000 Beg. Beg. DM Trans. In ? DL DM 22,600 FO DL Ending 17,000 Ending FO ? 20,600 Work in Process - Packing Dept. 3 150,00 Transf. Fgoods ? Finished Goods 185,000 Cost of sales 770,000 Beg. CoGmf 880,000 Beg. DM DL Fo 90,000 Ending Ending 40,000

Problem 2 The Antipolo company operates three departments. Product costs are tracked by department and assigned process costing system. Overhead is applied to production in each department at a rate of 80 percent of direct labor cost. The hereunder T-account information pertains to the department operations submitted by the cost accountant. Work in process - Stripping Dept. 1 Work in process - Adhesion Dept. 2 70,000 Cost Transf. 480,000 20,000 Cost Transf. ? 90,000 80,000 Beg. Beg. DM Trans. In ? DL DM 22,600 FO DL Ending 17,000 Ending FO ? 20,600 Work in Process - Packing Dept. 3 150,00 Transf. Fgoods ? Finished Goods 185,000 Cost of sales 770,000 Beg. CoGmf 880,000 Beg. DM DL Fo 90,000 Ending Ending 40,000

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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