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1. The Total Direct Material Cost reported for the month of February is P50,000 and the Total Prime Cost reported is P70,000. a) How much
1. The Total Direct Material Cost reported for the month of February is P50,000 and the Total Prime Cost reported is P70,000.
a) How much is the month's Factory Overhead if the company reported a Conversion Cost of P80,000 for the month?
b) How much is the company's total manufacturing cost?
2. The company reported P2,000,000 worth of non-manufacturing costs for the month of April. How much of this amount is inventoriable and will be reported in the balance sheet as part of the inventory amount?
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