Reference no: EM132738605
Ethel Corp uses job order costing system and the following information is give. The company has three jobs in process, Job # 1, Job # 2, Job # 3.
Raw materials used P840,000
Direct labor per hour 8.50
Factory overhead applied based on direct labor cost 120%
Direct materials were requisitioned as follows for each job: 30%, 25% and 25%, respectively and the balance is for indirect materials. Direct labor hours per job are: 17,500; 21,700; and 29,400, respectively. Indirect labor incurred is P231,000. Other actual factory overhead costs incurred totaled P252,000.
Problem 1: The total factory overhead applied to Job # 2 is:
a. 127,750
b. 210,000
c. 221,340
d. 184,450
What common interests are shared by bankers
: In groups of three or four, discuss the following questions: What common interests are shared by bankers and business owners
|
Describe the development of aids
: Describe the development of AIDS and common resulting opportunistic infections.
|
What direct-material price variance would be calculated as
: The company believes in computing variances at the earliest point possible, the direct-material price variance would be calculated as
|
Prepare a statement of owner equity for September
: Received $1,300 from the club for managing the tennis courts during September. Prepare a statement of owner equity for September
|
What the total factory overhead applied to job is
: What the total factory overhead applied to Job # 2 is? Direct materials were requisitioned as follows for each job: 30%, 25% and 25%, respectively and balance.
|
Historical limitations of previous classification systems
: What were the historical limitations of previous classification systems that led to and are solved by the three domain system that is in use today?
|
Evaluate what the direct-material quantity variance is
: Evaluate what the direct-material quantity variance is? Direct material purchases: 30,000 square feet at P2.60 per square foot. Direct material consumed: 29,200
|
Example of servicescape that supports the service concept
: From a customer perspective, give an example of a servicescape that supports the service concept and an example that detracts from the service concept.
|
Prepare an income statement for August
: Transactions; financial statements - Prepare an income statement for August, a statement of stockholders' equity for August, and a balance sheet as of August 31
|