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Problem 1: Direct labor is paid P9.60 per hour and overhead for the month was P9,600. If there were 1,500 direct labor hours and P21,000 raw material purchased, Cost of Goods Manufactured is:
a. P49,100
b. P45,000
c. P51,000
d. P49,500
nbspnbspnet income 11500nbspnbspdividends paid to stockholders2800nbspnbspcash received from selling
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