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Estimate what is the cost of goods manufactured

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Problem 1: During the month of July, direct labor cost totaled P12, 000 and direct labor cost was 30% of prime cost. If total manufacturing costs during July were P86, 000, the manufacturing overhead was:

Option 1: P46, 000
Option 2: P40, 000
Option 3: P28, 000
Option 4: P74, 000

Problem 2: Durian Company has the following data on April 30, 2008:

April manufacturing overheadP30, 101.80

Decrease in ending inventories:

Materials P2, 430. 00
Goods in process P590. 00

Increase in ending inventory

Finished Goods P1, 320.40

The manufacturing overhead amounts to 50% of the direct labor, and the direct labor and manufacturing overhead combined equal 50% of the total cost of manufacturing. All materials are purchased FOB shipping point What is the cost of goods manufactured?

Option 1: P180, 610. 80
Option 2: P182, 300. 00
Option 3: P181, 200. 80
Option 4: P183, 200. 80

Reference no: EM132724646

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