Reference no: EM133125618
Questions -
Q1. The total cost assigned to job 777C is P24,000 which includes direct materials cost of P6,000. The factory overhead is applied to work in process at 150% of direct labor cost. What is the amount of direct labor cost charged and factory overhead applied to job 777C?
a. 9,600 and P14,400, respectively
b. P6,000 and P12,000, respectively
c. P7,200 and P10,800, respectively
d. P4,800 and P72,200, respectively
Q2. The TOYO Manufacturing Company has the following financial information:
Manufacturing overhead P300,800
Direct materials increased by 130, 000
Work in process increased by 90, 000
Finished goods decreased by 320, 400
Manufacturing overhead amounts to 50% of direct labor, and the direct labor and manufacturing overhead combined equal 50% of the total cost of manufacturing.
How much is the cost of goods sold?
Q3. The TOYO Manufacturing Company has the following financial information:
Manufacturing overhead 300,800
Increase in direct materials 130, 000
Increase in work in process 90, 000
Decrease in finished goods 320, 400
Manufacturing overhead amounts to 50% of direct labor, and the direct labor and manufacturing overhead combined equal 50% of the total cost of manufacturing.
How much is the costs of direct materials purchased?
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