The total manufacturing cost of Job No. 01-90 which was completed in 2019 is
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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- National Marketing Corp. uses a job-order costing system. It has three production departments, X, Y, and Z.
The
|
Dept. X |
Dept. Y |
Dept. Z |
|
|
Direct Materials |
600,000 |
400,000 |
200,000 |
|
Direct Labor |
200,000 |
500,000 |
400,000 |
|
Manufacturing |
600,000 |
100,000 |
200,000 |
For Job No. 01-90 which was completed in 2019, direct materials cost was P75,000 and direct labor cost was as follows:
Dept. X P40,000
Dept. Y 100,000
Dept. Z 20,000
The corporation applies manufacturing overhead to each order on the basis of direct labor cost, using departmental rates predetermined at the beginning of the year based on the manufacturing cost budget.
The total manufacturing
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