Solution-What amount should be debited to factory overhead

What amount should be debited to factory overhead

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Reference no: EM132754530

Problem - Grace Company manufactures picture frames of all sizes and shapes and uses job-order costing system. There is always some spoilage in each production run. The following costs relate to the current run:

Estimated overhead (exclusive of spoilage) P160,000

Spoilage (estimated) 25,000

Sales value of spoiled frames 11,500

Labor hours 100,000

The actual cost of a spoiled picture frame is P7.00. During the year, 170 frames are considered spoiled. Each spoiled frame can be sold for P4. The spoilage is considered a part of all jobs (factory overhead). What amount should be debited to Factory Overhead Control to record spoilage pertaining to unrecovered cost?

Reference no: EM132754530

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What amount should be debited to factory overhead

Reference no: EM132754530

Reference no: EM132754530

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