Virgin Company applies overhead to jobs at the rate of 40 percent of direct labor cost. Direct material of P1,250 and direct labor of P1,400 were expended on Job #14 during June. On May 31, the balance of Job #14 was P2,800. The balance on June 30 is: a. P3,210. b. P4,760. c. P5,450. d. P6,010.

Virgin Company applies overhead to jobs at the rate of 40 percent of direct labor cost. Direct material of P1,250 and direct labor of P1,400 were expended on Job #14 during June. On May 31, the balance of Job #14 was P2,800. The balance on June 30 is: a. P3,210. b. P4,760. c. P5,450. d. P6,010.

Name: Virgin Company applies overhead to jobs at the rate of 40 percent of d
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Description: Virgin Company applies overhead to jobs at the rate of 40 percent of direct labor cost. Directmaterial of P1,250 and direct labor of P1,400 were expended on Job #14 during June. On May31, the balance of Job #14 was P2,800. The balance on June 30 is:a

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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