Giants Inc. manufactures specialized precision electronic kits. In late March, Job Orders #0311 and #0322 were started. Estimated material costs were P90,000 for both orders (60% for #0311) while direct labor hours were estimated at 700 for #0311 and 400 for #0322. Labor rate is P18 per hour while variable overhead rate is P10 per hour. By the end of April, 75% of the required materials have been issued to production in the amount of P90,000 and both job orders have been 50% converted with 360 hours charged to #0311 and 180 hours charged to #0322 at the hourly rates given. 

What was the total cost charged to Job Order #0311?

Answer rating: 100% (QA)

To calculate the total cost charged to Job Order 0311 we need to consider the direct materials direc... View the full answer