P2-10 Volka Food & Co makes customized products including drinks and had three (3) drinksproduction orders at the end of June 2015: Orange Drink, Cola Drink, and Soda water.Material costs for Orange Drink and Soda water were P400 and P200. Direct labor costsper batch were P150 and P350 for Orange Drink and Cola Drink, respectively and P550in total. Overhead is applied at the rate of 40% of direct materials costs. Total costethe Cola Drink batch were P950.Required: Calculate the balance of work in process at the end of June 2015.

Overhead means the cost incurred indirect in factory for the production of goods. Job costing means…

production orders at the end of June 2015: Orange Drink, Cola Drink, and Soda water per batch were P150 and P350 for Orange Drink and Cola Drink, respectively and P550 Material costs for Orange Drink and Soda water were P400 and P200. Direct labor costs (3) drinks P2-10 Volka Food & Co makes customized in total. Overhead is applied at the rate of 40% of direct materials costs. Total costs the Cola Drink batch were P950. Required: Calculate the balance of work in process at the end of June 2015.

production orders at the end of June 2015: Orange Drink, Cola Drink, and Soda water per batch were P150 and P350 for Orange Drink and Cola Drink, respectively and P550 Material costs for Orange Drink and Soda water were P400 and P200. Direct labor costs (3) drinks P2-10 Volka Food & Co makes customized in total. Overhead is applied at the rate of 40% of direct materials costs. Total costs the Cola Drink batch were P950. Required: Calculate the balance of work in process at the end of June 2015.

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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