ABC Company manufactures office tables and chairs using the job order cost system. The following data were taken from the records as of April 30, the first month of operations

Job No.	Materials Cost	Direct Labor Hours	Direct Labor Cost
121	2,160.00	650	800.00
122	4,575.00	1,850	3,625.00
123	5,637.50	4,100	7,162.50
124	1,612.50	750	1,400.00
125	3,250.00	1,600	3,050.00
126	1,375.00	490	825.00

In April, Job Numbers 121, 122, 124, and 125 were completed. Job No. 124 and 125 were sold for P6,250 and P15,897.50, respectively. Overhead is applied to the jobs at the rate of P1.50 per direct labor hour. Actual Factory overhead for April amounted to P15,175

Questions:

1. Over/under applied overhead amounts to

2. The gross profit for the month

3. The total cost of goods manufactured for the month was: (do not round off)

4. The cost of goods sold actual for the month (do not round off)

SHOW SOLUTION PLEASE ASAP!!!!