The Work in Process inventory account of Ninetales Publishing Inc shows a total manufacturing cost of...
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The Work in Process inventory account of Ninetales Publishing Inc shows a total manufacturing cost of P20,000 at the end of an accounting period. The job cost sheets of the two uncompleted jobs show charges of P6,000 and P5,000 for materials, and charges of P2,000 and P4,000 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor costs, of_ 2. Onix Manufacturing Company Inc uses direct labor hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor hours were 16,100 hours and the total estimated manufacturing overhead was P362,250. At the end of the year, actual direct labor hours for the year were 17,050 hours and the actual manufacturing overhead for the year was P395,000. The amount of OVER (UNDER) APPLIED OVERHEAD amount to P____ The Work in Process inventory account of Ninetales Publishing Inc shows a total manufacturing cost of P20,000 at the end of an accounting period. The job cost sheets of the two uncompleted jobs show charges of P6,000 and P5,000 for materials, and charges of P2,000 and P4,000 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor costs, of_ 2. Onix Manufacturing Company Inc uses direct labor hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor hours were 16,100 hours and the total estimated manufacturing overhead was P362,250. At the end of the year, actual direct labor hours for the year were 17,050 hours and the actual manufacturing overhead for the year was P395,000. The amount of OVER (UNDER) APPLIED OVERHEAD amount to P____
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Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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