For the month just ended, the following data were generated by Mkulay Corporation The company manufacture high
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For the month just ended, the following data were generated by Mkulay Corporation
The company manufacture high quality paints. Production begins with the blending of various chemicals, which are added at the beginning of the process and ends with canning of the paint. Canning occurs when the mixtures reaches the 90% stage of completion. The gallon cans are then transferred to the Shipping Department for crating and shipment. Direct labor and overhead are added continuously throughout the process. Overhead is allocated on the basis of direct labor hours at the rate of P30 per hour.
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