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Tarantula Co. is a print shop that produces jobs to customer specifications. During January 2018, Job #7044 was worked on and the following information is available: Direct material used P5,000 Direct labor hours worked 30 Actual Overhead P220 Machine time used 12 Direct labor rate per hour P7 Overhead application rate per hour of machine time P18 What was the total cost of Job #7044 for January?

Tarantula Co. is a print shop that produces jobs to customer specifications. During January 2018, Job #7044 was worked on and the following information is available: Direct material used P5,000 Direct labor hours worked 30 Actual Overhead P220 Machine time used 12 Direct labor rate per hour P7 Overhead application rate per hour of machine time P18 What was the total cost of Job #7044 for January?

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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Tarantula Co. is a print shop that produces jobs to customer specifications. During January 2018, Job #7044 was worked on and the following information is available: Direct material used P5,000 Direct labor hours worked 30 Actual Overhead P220 Machine time used 12 Direct labor rate per hour P7 Overhead application rate per hour of machine time P18 What was the total cost of Job #7044 for January?
Transcribed Image Text:Tarantula Co. is a print shop that produces jobs to customer specifications. During January 2018, Job #7044 was worked on and the following information is available: Direct material used P5,000 Direct labor hours worked 30 Actual Overhead P220 Machine time used 12 Direct labor rate per hour P7 Overhead application rate per hour of machine time P18 What was the total cost of Job #7044 for January?
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