Reference no: EM133135595

Questions -

Q1. Webb Company uses a job-order costing system and the following information is available from its records. The company has three jobs in process: #6, #9, and #13. Raw materials used, P400,000; Direct labor per hour, P68.50; Overhead applied based on direct labor cost, 120%.

Direct material was requisitioned as follows for jobs #6, #9 and #13, respectively: 30 percent, 25 percent, and 25 percent; the balance of the requisitions was considered indirect. Direct labor hours per job are 2,500; 3,100; and 4,200; respectively. Indirect labor is P233,000. Other actual overhead costs totaled P536,000

If Jobs #6 and #9 were completed and transferred, what is the balance in Work in Process Inventory at the end of the period?

Q2. Ryan Roque Steel Company manufactures steel products. During the current period, an order for 30,000 units was began on Job 143 for Ms. Andrea, a customer. After the job was completed, the units were inspected and 5% of the total units were determined to be spoiled. Andrea agreed to accept the units that were not spoiled instead of the quantity originally ordered. The spoiled units can be sold as seconds for P12.50 each. Spoiled units are kept in an inventory account separate from Finished Goods Inventory account. Total costs charged to Job 143 are:

Materials P192,000

Labor (9,000 direct labor hours @P12 per hour) 108,000

Factory overhead (P20 per direct labor hour) 180,000

Total costs P480,000

Assuming the spoiled units are the result of a change in design specified by the customer, how much is the cost per unit of goods delivered to Ms. Andrea?