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Corte Corporation manufactures a product that is processed in two departments: Mixing and Cooking. At the beginning and end of October, there were no inventories of unfinished work. During the month of October, 50,000 units of this product were completed. Materials used during the month amounted to Php28,000, of which one half were used in the Mixing Department and one half were used in the Cooking Department. Direct labor wages totaled Php60,000, with Php40,000 applicable to Mixing and Php20,000 to Cooking. The amounts for direct factory overhead incurred for each department and for general factory overhead apportioned to each department were:
Mixing Cooking
Department Department
Factory overhead incurred Php7,500 Php9,000
General factory overhead apportioned 5,000 6,000
Required:
Problem 1: What is the partial cost of production report, showing the total cost to be accounted for in each department.
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