Answered step by step
Verified Expert Solution
Question
1 Approved Answer
B. (5 points) Glitz Co. charges factory overhead to production at 80% of direct labor cost.Job 1042 and 1043 were completed and sold in January
B. (5 points) Glitz Co. charges factory overhead to production at 80% of direct labor cost.Job 1042 and 1043 were completed and sold in January 1,2021 Total direct materials cost and prime cost for Job 1042 were P18,000 and P28,000, respectively. Production cost of Job 1043 amounted to P62,400 with factory overhead equal to 48% of direct materials cost. How much were the direct labor costs of Jobs 1042 and 1043, respectively? B. (5 points) Glitz Co. charges factory overhead to production at 80% of direct labor cost.Job 1042 and 1043 were completed and sold in January 1,2021 Total direct materials cost and prime cost for Job 1042 were P18,000 and P28,000, respectively. Production cost of Job 1043 amounted to P62,400 with factory overhead equal to 48% of direct materials cost. How much were the direct labor costs of Jobs 1042 and 1043, respectively
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started