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Riverdale manufactured ladies apparel. Charges to work in process account show:    Direct materials used                                   ₱341,000    Direct labor costs                                             324,500    Factory overhead                                             259,600   At the end of the period, two orders are still in process, upon which direct materials of ₱70,000 have been expended. Factory overhead is applied at a predetermined rate of direct labor costs. Goods manufactured for the period amounted to ₱825,400. The factory overhead component of the goods manufactured is?

Riverdale manufactured ladies apparel. Charges to work in process account show:    Direct materials used                                   ₱341,000    Direct labor costs                                             324,500    Factory overhead                                             259,600   At the end of the period, two orders are still in process, upon which direct materials of ₱70,000 have been expended. Factory overhead is applied at a predetermined rate of direct labor costs. Goods manufactured for the period amounted to ₱825,400. The factory overhead component of the goods manufactured is?

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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Riverdale manufactured ladies apparel. Charges to work in process account show:

   Direct materials used                                   ₱341,000

   Direct labor costs                                             324,500

   Factory overhead                                             259,600

 
At the end of the period, two orders are still in process, upon which direct materials of ₱70,000 have been expended. Factory overhead is applied at a predetermined rate of direct labor costs. Goods manufactured for the period amounted to ₱825,400.

The factory overhead component of the goods manufactured is?

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