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What is the factory overhead of Job 502 and 503? What is the total cost for Job 501?

What is the factory overhead of Job 502 and 503? What is the total cost for Job 501?

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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What is the factory overhead of Job 502 and 503?

What is the total cost for Job 501?

7. Work in Process of Peter Senen Corp. On January 1, 2021, Job 501 has direct materials costs of P227,500, direct labor costs of P136,500 and applied FOH of P163,800. During the month, direct materials were requisitioned, and direct labor identified with orders as follows: Job No. Direct Materials Direct Labor Total 169,000 169,000 292,500 501 502 P253,500 546,000 00 650,000 305,500 104,000 503 344,500 504 305,500 409,500 Job order 501, 502, and 503 were completed and sold on January.
Transcribed Image Text:7. Work in Process of Peter Senen Corp. On January 1, 2021, Job 501 has direct materials costs of P227,500, direct labor costs of P136,500 and applied FOH of P163,800. During the month, direct materials were requisitioned, and direct labor identified with orders as follows: Job No. Direct Materials Direct Labor Total 169,000 169,000 292,500 501 502 P253,500 546,000 00 650,000 305,500 104,000 503 344,500 504 305,500 409,500 Job order 501, 502, and 503 were completed and sold on January.
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