The Ram Manufacturing Company produced P100, 000 units during the year ended December 31, 2009. It incurred
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Question:
The Ram Manufacturing Company produced P100, 000 units during the year ended December 31, 2009. It incurred the following costs for the year
MaterialsP75, 000 (10% is indirect materials)
LaborP97, 000 (7% is indirect labor)
Factory Overhead125% of direct labor cost
WIP - January 1P25, 500
WIP - December 31P27, 000
How much is the Total manufacturing cost?
How much is the total prime cost?
Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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