What the total manufacturing cost of job

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Reference no: EM133000451

Question - National Marketing Corp. uses a job-order costing system. It has three production departments, X, Y and Z.

The manufacturing cost budget for 2011 is as follows:

 

Dept. X

Dept. Y

Dept. Z

Direct Materials

P600,000

P400,000

P200,000

Direct Labor

200,000

500,000

400,000

Manufacturing overhead

600,000

100,000

200,000

For Job no. 01-90 which was completed in 2011, direct materials cost was P75,000 and direct labor was as follows:

Dept. X P40,000

Dept. Y 100,000

Dept. Z 20,000

The corporation applies manufacturing overhead to each job order on the basis of direct labor cost, using departmental rates predetermined at the beginning of the year based on the manufacturing cost budget.

Required - What the total manufacturing cost of Job No. 01-90 which was completed in 2011?

Reference no: EM133000451

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