Reference no: EM132721673
Jacksonville Company uses a job order costing system. During May, the following costs appeared in the Work in process inventory account:
Beginning balance P30, 000
Direct materials used P90, 000
Direct labor incurred P75, 000
Applied overhead P52, 500
Cost of Goods manufactured P225, 000
Problem 1. Jacksonville Company applies overhead on the basis of direct labor cost. There was only one job left in work in process at the end of May which contained P6, 300 of overhead. What amount of direct material was included?
a. P7, 200
b. P9, 000
c. P11, 160
d. P11, 790
Problem 2. Under applied overhead occurs when
a. Actual overhead is less than applied overhead
b. The actual overhead rate is less than the predetermined overhead rate
c. The predetermined overhead rate is less than the actual rate
d. The predetermined overhead rate is overstated
|
What are the line items common stock and treasury stock
: What are the line items common stock and Treasury stock? Address whether you would want to purchase stock in the company based on your analysis
|
|
Find equivalent cost per unit assuming that ending inventory
: René Alverez knew she was in over her head soon, Find the equivalent cost per unit, assuming that the ending inventory is considered to be 40 percent complete.
|
|
What is the target selling price per unit
: Crane Company is using the target cost approach on a new product. Target cost $160,000. What is the target selling price per unit
|
|
Compute what the total cost of job order no is
: What The total cost of Job Order No. 210 is? Job no. 210 has, at the end of the second week of February, an accumulated total cost of P4, 200.
|
|
What amount of direct material included for jacksonville co
: Jacksonville Company uses a job order costing system. During May, the costs appeared. What amount of direct material was included?
|
|
Discuss on oil and gas
: Case Study for Strategy - Discuss on Oil & Gas. Reduce oil & gas industry, oil & gas globally, climate change, Energy industry?
|
|
Prepare journal entries to record Share Appreciation Rights
: Prepare the journal entries to record the Share Appreciation Rights (SARs) package, and the payment on December 31, 2022 assuming that Pronghorn follows ASPE
|
|
Compute how does accounting help decision makers
: Compute how does accounting help decision makers? by providing snapshots of a company's performance. / by using the past to change the future
|
|
Find how much of setup costs are allocated to superior model
: Find How much of the setup costs are allocated to the Superior model using ABC costing? Hammock Company manufactures two models of its hammock
|