Solution-How determine what is the cost of goods

How determine what is the cost of goods manufactured

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Reference no: EM132713607

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:

a. P46, 000
b. P40, 000
c. P28, 000
d. P74, 000

Problem 2. 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?

a. P180, 610. 80
b. P182, 300. 00
c. P181, 200. 80
d. P183, 200. 80

Reference no: EM132713607

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How determine what is the cost of goods manufactured

Reference no: EM132713607

Reference no: EM132713607

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