Reference no: EM132797216
Question - Donna Company submits the following data for May 2013 Direct labor cost P80,000
Purchases P100,000
Factory overhead Applied at 150% of direct labor cost
Inventories May 1 May 31
Finished goods P45,000 P24,000
Work in Process P25,800 P18,000
Materials P22,000 P25,000
How much is the adjusted COGS after closing the over or under applied overhead to the monthly cost of goods sold?
How much is the Company's Cost of goods sold?
How much is the direct materials used?
How much is the over or under applied overhead if the actual overhead is 100,000?